Coraza buys factories for RM18mil

PETALING JAYA: Coraza Integrated Technology Bhd’s wholly-owned subsidiary, Coraza Systems Malaysia Sdn Bhd, is acquiring 8,538 sq m of freehold industrial land with offices and factories in Nibong Tebal, Penang, from Huhtamaki Foodservice Malaysia Sdn Bhd for RM17.69mil.

In a filing with Bursa Malaysia, Coraza said the purchase price of the acquisition will be funded by a combination of internally generated funds and bank borrowings.

The group said the property will immediately increase its manufacturing capabilities.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Oil prices rise as Israel weighs response to Iran attack
Amir Hamzah leads delegation to meeting with investors in New York
Bursa Malaysia tracks negative global sentiment
Trading ideas: RHB, Capital A, Heitech Padu, Kitacon, YNHP, Iris, Solarvest, SCIB, G Capital, Eduspec, EP Manufacturing, Master Tec
US stocks tumble as Treasury yields rise, Middle East tensions simmer
StanChart: Faster growth of 4.8% for M’sia
Solarvest placement earnings dilutive, to be offset by new projects
Eduspec makes Kang deputy chairman
Muted impact expected from IOI paper pulp JV
Ringgit slides to near record low amid turmoil

Others Also Read