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Topmix last closed at RM0.470, breaking out of its recent downtrend and bouncing back along its six-month uptrend. Support is seen at RM0.460 and RM0.450, while key resistance levels are around RM0.490 and RM0.517
Topmix Bhd has appointed Laubros Holdings (M) Sdn Bhd to build a single-storey warehouse with a three-storey office and ancillary facilities on its land in Senai, Johor, for RM8.67 million to increase demand for rising business activities.
The project will be funded through a mix of internally generated funds or bank borrowings, or a combination of both, with completion targeted within 14 months once approvals are secured.
Topmix said the construction will not have a material effect on its earnings, net assets or gearing for the financial year ending Dec 31.