Success Transformer Corp acquires industrial land for RM18.5m

KUALA LUMPUR: Success Transformer Corporation Bhd plans to acquire a piece of industrial land, along with a factory, from Dekor Panel Emas Sdn Bhd for RM18.5 million.

The company announced to Bursa Malaysia on Monday, Sept 20 that the conditional letter of offer was submitted on the same day for the parcel of land measuring 6.05 acres or 24,490 sq mts in Bandar Rawang.

Success Transformer Corp stated that the reason for the acquisition is to expand its manufacturing facilities.

The Group manufactures transformers and industrial power products such as automatic voltage stabilisers, power line conditioners, energy-saving lumens regulators, high-intensity discharge (HID) ballasts, battery chargers and testers, as well as make industrial lighting products such as floodlights, highbay and street lighting.