Hup Seng purchases new production line for RM11.71mil

KUALA LUMPUR: Hup Seng Industries Bhd's wholly owned subsidiary Hup Seng Perusahaan Makanan (M) Sdn Bhd (HSPM) has proposed to acquire a new production line from GEA Imaforni S.p.A for RM11.71mil.

In a filing with Bursa Malaysia, Hup Seng said its subsidiary, which is in the business of manufacturing biscuits, is making the purchase to manage risks arising from ageing machinery and equipment.