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OGX Group to Acquire Three-Story Office for MYR19 Million for New HQ

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OGX Group (KLSE:OGX) has agreed to acquire a three-story detached warehouse with a four-story office and a guardhouse, with a land area of 4,086 square meters in Damansara, Selangor, from Trisystems Engineering for 19 million Malaysian ringgit, according to a Tuesday filing to Bursa Malaysia.

The proposed acquisition is part of the intended utilization of public issue proceeds disclosed in the company's prospectus, where 30 million of the proceeds were from its initial public offering.

These funds were earmarked for the acquisition of a new headquarters, along with the associated renovation and fit-out costs.

On completion of the acquisition, renovation and fit-out works, the property will serve as the new headquarters for the technology company.

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