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- Located within the Kota Kemuning industrial estate and in close proximity to the group’s existing facilities, Unique Fire said the land is expected to enhance operational efficiency and improve coordination of resources once developed.
KUALA LUMPUR (Sept 11): Fire protection solutions provider Unique Fire Holdings Bhd (KL:UNIQUE), which recently transferred to the Main Market of Bursa Malaysia, is acquiring a land parcel measuring 4,926 square metres in Shah Alam for RM15.54 million, to support its long-term expansion plans.
Located within the Kota Kemuning industrial estate and in close proximity to the group’s existing facilities, Unique Fire said the land is expected to enhance operational efficiency and improve coordination of resources once developed.
However, the group has not formalised specific development plans for the land, it said in a bourse filing on Thursday.
The land will be purchased from its current owner Teoh Han Chong and paid for using internally generated funds or bank borrowings.
Unique Fire, which debuted on the ACE Market in August 2022, transferred to the Main Market on June 26 this year. The group, led by executive director Datuk Marcus Liew Kang Leong, has outlined three growth initiatives, including a joint venture with a Chinese partner to manufacture fire sprinklers, securing underwriters laboratories certification for global exports, and expanding its domestic presence in Penang and Johor Bahru.
The group manufactures and distributes fire protection systems, equipment and accessories for built environments, such as fire suppression systems, extinguishers, hose reels and detection devices.
Shares in Unique Fire ended 0.5 sen or 1.15% lower at 43 sen on Thursday, valuing the group at RM172 million.
As Penang girds itself towards the last lap of its Penang2030 vision, check out how the residential segment is keeping pace in EdgeProp’s special report: PENANG Investing Towards 2030.
