MMAG acquires factories in Johor for RM10.46m

by TMR

MMAG Holdings Bhd’s wholly-owned unit, Ingenuity Microsystems Sdn Bhd, has entered into a sale and purchase agreement with Liangsiang Capital Sdn Bhd for the acquisition of four units of one-and-a-half-storey ready built semi-detached factory at Empire Park, Iskandar Puteri, Johor, for RM10.46 million cash.
 
In an exchange filing yesterday, MMAG noted the properties will be held by the group with intention for the wholly-owned subsidiary, Line Clear Express & Logistics Sdn Bhd’s courier and logistics future storage and warehousing needs.
 
The properties are in a prime business address with intelligently designed factories and enjoy excellent integrated connectivity served by major highways.