Maybulk Bhd, Eonmetall Group Bhd and Leader Steel Holdings Bhd have collectively agreed to dispose of three adjoining parcels of industrial land in Kapar, Klang, Selangor for a total consideration of approximately RM687.89 million. The transaction involves the sale of sizeable freehold industrial sites to WG Malaysia VIII Sdn Bhd, an information technology consultancy planning a large-scale technology-driven development on the land.

Under the proposed arrangement, Maybulk — through its 60%-owned subsidiary MBC Logistics Hub Sdn Bhd — will divest a 58.03-acre site valued at about RM278.05 million. Eonmetall will sell a larger 66.03-acre parcel for RM273.28 million, while Leader Steel will dispose of a 33-acre plot for RM136.56 million. All three properties are strategically located within the Kapar industrial corridor, a key industrial growth zone within Selangor.

The disposal prices were said to be broadly aligned with independent market valuations conducted earlier this month. The companies view the transaction as an opportunity to unlock latent land value while strengthening balance sheets through improved liquidity and potential debt reduction.

Given that the three companies share a common major shareholder and board representation, the proposed disposals are classified as related-party transactions and will require approval from non-interested shareholders before completion. Subject to regulatory and shareholder clearance, the deals are expected to be finalised in the second half of 2026.

From a financial perspective, Maybulk anticipates recording an estimated net gain of RM30.55 million from its land sale. Part of the proceeds is expected to fund a proposed special dividend distribution, with the remaining funds allocated towards debt repayment and strategic acquisitions.

Eonmetall is projected to achieve the largest gain among the three, with an estimated net profit contribution of RM57.82 million. The company plans to channel most of the disposal proceeds into debt reduction initiatives, working capital requirements and potential investment opportunities.

Leader Steel, meanwhile, expects to realise a net gain of about RM18.39 million and has indicated plans to reward shareholders with a special dividend, while also using the balance of funds for balance sheet strengthening and operational expansion.

The sizeable transaction highlights continued institutional interest in industrial land in Selangor, particularly within well-established logistics and manufacturing corridors such as Klang. Demand for large contiguous land parcels has been rising, driven by technology infrastructure requirements, logistics expansion and industrial redevelopment opportunities.

This broader trend is also evident in other Klang Valley locations where occupiers and investors continue to evaluate modern factory in Puchong and strategically positioned industrial property in Subang area to support supply chain efficiency and operational scalability.

In parallel, growing business ecosystems are reinforcing demand for commercial property in KL and decentralised office space in Bukit Jalil, as companies seek integrated urban hubs that offer accessibility, workforce convenience and long-term growth potential.

At market close, Maybulk’s shares edged higher to 37 sen, giving the company a market capitalisation of about RM333 million. Eonmetall ended slightly lower at 26 sen, valuing the group at roughly RM103.8 million, while Leader Steel gained to 45 sen, translating to a market value of approximately RM72.4 million.