SGX-listed UMS Holdings buys 5.38 acres in Penang for $4.5m

SGX-listed UMS Holdings acquired 5.38 acres or approximately 235,000 square feet of leasehold industrial land in Malaysia’s Penang Science Park North for approximately S$4.5m.UMS Holdings, which provides equipment manufacturing and engineering services, will have 1.2 million sqft of combined space in Singapore and Malaysia following this acquisition.

The acquisition will be funded internally from UMS’ placement proceeds raised in January 2024. It is not expected to have any material financial impact on the company within the current fiscal year, according to UMS Holdings’ announcement....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

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