UMS Holdings (SG:558) has released an update.
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UMS Holdings Limited has expanded its manufacturing footprint with the purchase of 5.38 acres of industrial land in Penang Science Park North, Malaysia for approximately S$4.5 million, aiming to support the company’s growth and meet the increasing demands of its customers in the semiconductor industry. This strategic move, funded internally, is part of the company’s long-term plan to enhance operational efficiency and competitiveness in the region’s burgeoning semiconductor supply chains. The acquisition will not materially impact UMS’ financials in the current fiscal year.
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