Aurelius buys industrial land for RM12mil

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 approximately 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, arising from higher manufacturing capacity and further economies of scale.”