Inari to buy industrial land

KUALA LUMPUR: Investment holding firm Inari Amertron Bhd’s unit Inari Technology Sdn Bhd is set to acquire leasehold industrial land with factory erected thereon in Penang for RM22.8mil from Unetsys Sdn Bhd.

The acquisition is strategic as the said property is located in close proximity to Inaris existing factories in Bayan Lepas Free Trade Zone and hence increase the group’s total manufacturing floor space in Bayan Lepas, it said.

“The new manufacturing facilities in the property can be renovated, installed, modified, upgraded and enhanced as soon as practicable by Inari to cater for its businesses and expansion,” it said in a filing with Bursa.

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