Scientex eyes land bank expansion

Scientex was among the top gainers as investors were positive about its purchase of Mondi Ipoh Sdn Bhd (MISB) for RM58mil cash to expand its consumer packaging division.

KUALA LUMPUR: Scientex Bhd, a global packaging manufacturer and property developer, aims to expand its land bank as it aims to deliver 50,000 affordable homes by 2028.

“Based on the new land banks that we have acquired, we think the 3,300 units per year is a realistic goal.