KUALA LUMPUR (March 19): Manufacturer of automated and semi-automated machinery and equipment, Pentamaster Corp Bhd (Pentamaster) has purchased a piece of land in Seberang Perai, to host a new factory in order to cater for increase in production activities.
Based on a filing with Bursa Malaysia, Pentamaster’s (fundamental: 1.8; valuation: 1.8) wholly-owned subsidiary Pentamaster Technology (M) Sdn Bhd has purchased the 3.23 acre leasehold land from the Penang Development Corp (PDC) for RM5.02 million.
“The proposed acquisition is to cater for increase in production activities, which require a bigger space for assembly and testing activities,” said the company.
The acquisition will be funded by a combination of internally-generated funds and bank borrowings.
(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)