KUALA LUMPUR: Multi-Code Electronics Industries (M) Bhd (Multico) on Wednesday, June 16 entered into a sale and purchase agreement to acquire a 2.05-acre plot of leasehold land in Selangor on which stands a one-storey factory and a three-storey office building for RM9.45 million.
The vendor is LHH & Sons Sdn Bhd, Multico said in a filing with Bursa Malaysia.
Multico said the acquisition would enable it to establish a production and assembly plant, facilitating its core activities of manufacturing and assembling automotive lamps and related parts.
The purchase will also allow it to relocate and centralise its existing business development, marketing and service office together with its warehousing, sub-assembly and logistics arm, which are currently operating from rented premises in Shah Alam.
The vendor is LHH & Sons Sdn Bhd, Multico said in a filing with Bursa Malaysia.
Multico said the acquisition would enable it to establish a production and assembly plant, facilitating its core activities of manufacturing and assembling automotive lamps and related parts.
The purchase will also allow it to relocate and centralise its existing business development, marketing and service office together with its warehousing, sub-assembly and logistics arm, which are currently operating from rented premises in Shah Alam.
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