Peterlabs buys land for RM7.4mil

PETALING JAYA: Peterlabs Holdings Bhd is acquiring 2.7 acres of land in Seremban, Negri Sembilan from N9 Matrix Development Sdn Bhd for RM7.4mil.

In a filing with Bursa Malaysia, Peterlabs said the acquisition represents a good opportunity to invest and own the property for the long term benefit and interest of the group.

“The group has no plans on the usage nor to rent out the property to any third parties at the juncture.”

In a separate announcement, Peterlabs said it had entered into a research agreement or RA with XMU Jiageng Education Development Sdn Bhd to profile the chemical constituents of naturally derived premixes and to characterise the antioxidant and antimicrobial profiles of naturally derived premixes in vitro.