OTHERS P.I.E. INDUSTRIAL BERHAD ("PIE" OR THE "COMPANY") DISCLOSURE OF MATERIAL INFORMATION PURSUANT TO PARAGRAPH 9.03 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD
| P.I.E. INDUSTRIAL BERHAD |
| Type | Announcement |
| Subject | OTHERS |
| Description | P.I.E. INDUSTRIAL BERHAD ("PIE" OR THE "COMPANY")
DISCLOSURE OF MATERIAL INFORMATION PURSUANT TO PARAGRAPH 9.03 OF THE LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD |
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The Board of Directors (“Board”) of PIE wishes to announce its wholly-owned subsidiary, Pan-International Electronics (Malaysia) Sdn Bhd (“PIESB”) had on 31 March 2024 secured an overseas manufacturer (the "Manufacturer") specializes in servers and switches. The Plant of PIESB with build up area of 280,000 square feet will be allocated entirely for the manufacturer. Pilot production is scheduled to commence by end of 2024, while mass production is slated to begin in 2025 (the “Transaction”).
Please refer to Appendix 1. |
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Please refer attachment below.
Announcement Info
| Company Name | P.I.E. INDUSTRIAL BERHAD |
| Stock Name | PIE |
| Date Announced | 19 Apr 2024 |
| Category | General Announcement for PLC |
| Reference Number | GA1-19042024-00014 |