UMS Holdings (SGX:558) has purchased 5.38 acres of leasehold industrial land in Penang Science Park North, Malaysia for 15.23 million ringgit (nearly SG$4.5 million), according to a Monday filing on the Singapore Stock Exchange.
Located between the Perai Industrial Area and Batu Kawan Industrial Park, the property has a 60-year tenure.
This acquisition supports UMS' expansion in Malaysia's semiconductor sector, improving its operational capacity to meet growing demand.
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