T7 shares rise in early trade

KUALA LUMPUR: Shares in T7 Global Bhd, which has been on a general uptrend, rose 2% in early trade following its latest corporate news.

Its share gained 2.44%, or 1.5 sen to 63 sen with 4.42 million shares traded.

T7 Global announced that it would be investing about RM200mil in its metal treatment plant in Serendah over the next three to five years.

The plant, located in the UMW High Value Manufacturing Park and set to cater for the aerospace industry, is expected to be completed by the end of the year.

It has obtained all the the necessary approvals and construction will begin soon.

With the completion of the construction of this facility by end of the year, it is expected to start contributing to the group's revenue by the first half of FY2019.

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