PKFZ says Speedmatrix didn’t sign, Port Klang land lease won’t go ahead
KUALA LUMPUR, Nov 14 — Speedmatrix Sdn Bhd’s proposed lease of land in Port Klang will not proceed after the...
Speedmatrix Sdn Bhd's attempt to lease land in Port Klang Free Zone (PKFZ) failed because the company did not sign the required letter of offer, which has since expired. PKFZ chairman Lim Lip Eng, who is also the MP for Kepong, stated that the zone will not proceed with the lease due to concerns over unlawful activities. Speedmatrix sought to lease a parcel of land within PKFZ in July, but failed to execute the letter of offer within the stipulated validity period, causing the offer to expire in early November.
The free zone has been conducting due diligence, risk assessments, and background checks on potential businesses before allowing operations. Lim Lip Eng emphasized that PKFZ is committed to addressing risks before allowing businesses to commence operations within the zone. The reports mentioned by PKFZ have not been elaborated on in the statement.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
