KUALA LUMPUR: Pentamaster Corp has announced that its sub-subsidiary Pentamaster Equipment Manufacturing Sdn Bhd has entered into an agreement to acquire a tract of leasehold land from Penang Development Corp for RM28.28mil.It said in a filing with Bursa Malaysia that the leasehold land measures about 11.8037 acres in Batu Kawan Industrial Park in Penang.It added that the proposed acquisition will increase the group’s engineering and manufacturing capacity, specifically to cater for its expansion into the factory automation solution and medical segment.Shares in Pentamaster closed seven sen or 1.26% higher at RM5.62 with 2.98 million units traded.
