D’nonce buys Cheras land for RM17.5mil

D’nonce said the proposed acquisition was to procure a proper industrial/business lot for business expansion.

PETALING JAYA: D’nonce Technology Bhd is acquiring a piece of leasehold land in Cheras, Selangor, for RM17.5mil.

In a filing with Bursa Malaysia, D’nonce said its wholly owned subsidiary, Attractive Venture (KL) Sdn Bhd (AVKL), had entered into a sale and purchase agreement with Paragon Car Carpets and Components Sdn Bhd for the acquisition.

D’nonce said the proposed acquisition was to procure a proper industrial/business lot for business expansion, with the expected increase in capacity to cater to the increasing revenue deriving from AVKL’s growing business operations.