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AmanahRaya Real Estate Investment Trust (AR-REIT) has acquired a single-storey detached factory in Teluk Panglima Garang, Selangor from Alpha Express Sdn Bhd for RM39mil.
The asset acquisition benefits AR-REIT by expanding its existing portfolio, which previously included only one asset in this particular industry
Systech reported revenue of RM12.37 million, up 71% year-on-year, mainly from the Corporate Solutions segment. However, it posted a pre-tax loss of RM6.52 million, largely due to higher staff costs and goodwill impairment.