The PV glass producer and solar project developer has acquired a plot of land from state development entity PKNM for 33.32m ringgit ($9.7m), according to a statement on the Hong Kong stock exchange.
It described the plan as a “major strategic step” in its efforts to diversify production and expand its sales in foreign markets.
As part of the agreement, PKNM has agreed to prepare the site ahead of the construction of the production plant.
