MyNews Secures 13.5-Acre Rawang Site for Malaysia Distribution Hub

Land Deal Targets Supply Chain Bottleneck

Mynews Retail Sdn Bhd, the operating arm of Kuala Lumpur-listed MyNews Holdings, has acquired 13.5 acres of industrial land in Rawang, Selangor, for RM24.7 million. The company announced the purchase agreement with Thung Hing Metal Industry in a Bursa Malaysia filing, describing the move as essential to addressing capacity constraints at its existing distribution facility.

The leasehold site, with tenure running until January 2095, will house a new distribution centre designed to support the convenience store operator's expansion across Malaysia. MyNews cited limited room for growth at its current warehouse as the primary driver behind the acquisition.

Financing and Timeline

MyNews will fund the purchase through a combination of internal reserves and bank debt, according to the filing. The company plans to deploy 15 per cent of the consideration from its own cash, with the balance raised through borrowings. This structure allows the retailer to preserve working capital while locking in land costs ahead of further price escalation in the industrial property market.

The transaction is expected to close within twelve months of the sale and purchase agreement, barring unforeseen delays. MyNews determined the purchase price through arm's-length negotiation, referencing publicly available transaction data and asking prices for comparable industrial parcels in the vicinity.

Capacity Pressure and Regional Context

The acquisition reflects broader pressures facing logistics networks in Southeast Asia's fast-growing consumer markets. Malaysia's convenience store sector has expanded rapidly, driven by urbanisation and changing shopping habits, yet distribution infrastructure has struggled to keep pace. Industrial land in the Klang Valley, particularly sites with good highway access, has become increasingly scarce and expensive.

Rawang, located north of Kuala Lumpur along the North-South Expressway, offers proximity to both the capital and northern regional markets. The site's location positions MyNews to serve its network of stores more efficiently while reducing reliance on the congested southern corridor.

Financial Impact

MyNews stated that the land purchase will not alter its share capital or substantial shareholding structure. The company does not expect the acquisition to materially affect earnings for the financial year ending October 31, 2026, as the asset will initially sit on the balance sheet before construction and operational ramp-up begin.

The new distribution centre is projected to enhance supply chain efficiency over the medium to long term, according to the filing. By securing land now, MyNews aims to avoid both rising costs and the risk of suitable sites disappearing from the market as industrial demand intensifies across Selangor.

Strategic Asset Play

Beyond operational necessity, the acquisition strengthens MyNews' asset base at a time when retail operators across Asia are seeking greater control over their supply chains. The move mirrors strategies employed by regional peers, who have increasingly invested in owned logistics infrastructure rather than relying solely on third-party providers or leased facilities.

For MyNews, the Rawang site represents a long-dated asset that can support decades of operations under the current lease term. The company's willingness to take on additional debt for the purchase signals confidence in sustained demand for its convenience store format, even as e-commerce and delivery platforms reshape Malaysia's retail landscape.

The acquisition also provides MyNews with flexibility to expand warehouse capacity in phases, matching capital expenditure to revenue growth without the constraints imposed by its current facility. As the company adds new store locations, the Rawang centre will serve as a central node for inventory management and last-mile distribution across the northern and central regions.