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Elsoft to sell property in Penang for RM38m

The group, via wholly-owned unit Siangtronics Technology Sdn Bhd, entered into an agreement with manufacturer of industrial equipment SRM Integration (Malaysia) Sdn Bhd for the sale of the two-storey factory-cum-office building.

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Scientex 2Q net profit drops 16.48% to RM93.69m

The group said the lower profit was mainly due to the impact of higher raw material prices and freight costs for its consumer packaging business and deferment of Certificate of Completion and Compliance issuance in certain developments.

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