CPE Technology (KLSE:CPETECH) subsidiary, Champion Precision Technology, signed a deal with Logitech Engineering Solutions to acquire a factory and office in Johor for 14.5 million ringgit, according to a Tuesday Bursa Malaysia filing.
The property covers an area of around 0.4081 hectares, with the purchase to be funded from initial public offering proceeds.
The acquisition will allow the unit additional space to set up new manufacturing lines and support expansion of production capacity.
The transaction is expected to conclude by the third quarter of fiscal 2027.
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