JHM buys land in Penang for RM27.06m to expand into telecommunication equipment manufacturing
KUALA LUMPUR (Dec 11): Semiconductor company JHM Consolidation Bhd is acquiring a 5.59ha vacant leasehold land in Penang for RM27.06 million, cash, to expand its business into the manufacturing of telecommunication equipment. JHM said the acquisition of the land is to enable the company to expand its business into telecommunication equipment manufacturing industries that serve multiple multinational corporations in North American, Europe and Asia, tapping into the growing demand for Internet of Things application, as well as Cloud/Data Center. "The acquisition will enable JHM Group to diversi...
Source: theedgemarkets.com