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CPE Technology Unit to Buy Machinery Worth MYR21 Million

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CPE Technology (KLSE:CPETECH) unit Champion Precision Technology will acquire 70 CNC turning and milling machines for 21 million ringgit, according to a Wednesday Malaysian bourse filing.

The acquisition will strengthen the company's manufacturing capabilities.

The company will fund the deal through a combination of cash, loan financing and IPO proceeds.

The new machinery is expected to enhance production capacity, improve machining accuracy and support future business expansion amid growing customer demand.

The acquisition is expected to be completed by the third quarter of financial year 2027.

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