PETALING JAYA: CPE Technology Bhd
is proposing to acquire a double storey factory together with a three storey office in Johor Baru from Logitech Engineering Solutions Sdn Bhd for RM14.5mil.
In a filing with Bursa Malaysia, CPE Technology said the proposed acquisition is in line with the long-term strategy of the group and its subsidiaries to strengthen its manufacturing and industrial capabilities, as well as expand production capacity.
“The proposed acquisition will provide an opportunity for CPE Technology to acquire additional space within the vicinity of its existing factories to set-up additional and/or new manufacturing lines in the near future.
“The proposed acquisition is expected to enhance the group’s manufacturing footprint and support the expansion plan of the group.”
CPE Technology said the proposed acquisition is not expected to have any material effect on the earnings and earnings per share of the group for the financial year ending June 30, 2027.
