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.
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