Aurelius buys industrial land for RM12mil

TheStar Thu, Jan 04, 2024 12:00am - 11 months View Original


PETALING JAYA: Aurelius Technologies Bhd (ATB) is purchasing a vacant piece of industrial land within the Kulim High-Tech Park, Kedah from Northern Technocity Sdn Bhd for RM12.15mil.

In a filing with Bursa Malaysia, the electronics manufacturing services provider said the land, measuring 270,034 sq ft, will facilitate the company’s future strategic expansion plans.

“The proposed acquisition is expected to contribute positively to the future earnings of the group,” it said.

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Comments

Firdaus Suhaimi
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will contribute positively to future earnings ? but will it affect next qtr earnings due to 12 mil spent?

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