<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 1): Hygiene care solutions maker RGT Bhd (KL:<a href="/askedge/klse/9954" class="ce-stock" target="_blank">RGTBHD</a>) said on Friday it is buying two leasehold industrial plots for RM16.8 million, located in Simpang Ampat, Penang, to set up dedicated assembly and production lines for new customers and to enhance its production efficiency.</p></div>

<div class=newsTextDataWrapInner><p>RGT is buying the properties from Permai Gas Sdn Bhd via its wholly owned Rapid Growth Technology Sdn Bhd. A sale and purchase agreement for the purchase was inked on Friday.</p></div>

<div class=newsTextDataWrapInner><p>Both plots have 60-year leases on them. One of the plots, which has a three-storey office building with a single-storey open-sided factory erected on it, will see its lease expire on May 19, 2068. The other plot's lease is set to expire on May 3, 2069.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>These new properties, situated within the same industrial estate — Taman Perindustrian Bukit Minyak — are also expected to result in cost savings in logistics and management, said RGT.</p></div>

<div class=newsTextDataWrapInner><p>The company plans to part-finance the purchase via bank borrowings and internal funds. It expects its gearing to increase from 0.39 times to 0.50 times following the purchase.</p></div>

<div class=newsTextDataWrapInner><p>RGT shares closed unchanged at 57 sen apiece, giving it a market capitalisation of RM200.92 million, Year-to-date, the stock has fallen 18.3%.</p></div>


Hygiene care solutions maker RGT Bhd (KL:RGTBHD) said on Friday it is buying two leasehold industrial plots for RM16.8 million, located in Simpang Ampat, Penang, to set up dedicated assembly and production lines for new customers and to enhance its production efficiency.

RGT buys two properties for RM16.8m to expand production capacity

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