8 stories mentioning KLSE:CPETECHUpdated just now
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CPE Technology 9 (KLSE:CPETECH) established a new subsidiary, Kita Champion, according to a Friday Bursa Malaysia filing.The new unit will be involved in the business of treatment and coating of metals, machining and manufacture of other fabricated metal products.CPE Technology will own 50.5% of the venture, with Kanekita Corp. holding the remaining 49.5%, the filing said.
CPE Technology's (KLSE:CPETECH) subsidiary, Champion Precision Technology, agreed to acquire a piece of freehold land with a factory in Johor, Malaysia, from Flomatic Industries, for 10 million ringgit, according to a Wednesday filing with Bursa Malaysia.The acquisition will be funded via proceeds from the company's initial public offering.The expansion is part of CPE's strategy to strengthen its manufacturing capabilities and expand production capacity.The transaction is expected to conclude by the second quarter of 2027, the filing said.
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.
Champion Precision Technology, a wholly-owned subsidiary of CPE Technology Berhad (KLSE:CPETECH), has agreed to acquire machinery worth 34.5 million Malaysian ringgit from various vendors, according to a Friday filing with the Malaysian bourse.The company has agreed to acquire eight units of auto lathe machines, 45 units of Okuma computer numerical control (CNC) turning machines, two units of DMG CNC turning machines, three units of Citizen Miyano CNC turning machines, and 60 units of Fanuc CNC milling machines.The acquisitions are expected to be completed by the second quarter of fiscal 2027.The company said the acquisitions will expand its capacity to support customer demand through the purchase of 118 CNC machines.Shares of the precision engineering company were up 2% in recent trade.
CPE Technology (KLSE:CPETECH) has agreed to form a joint venture with Japan's Kanekita Co to manufacture semiconductor equipment components using passivation treatment technology, according to a Thursday filing to the Bursa Malaysia.Under the terms of the agreement, CPE will own a 50.5% stake in the proposed joint venture, while 49.5% will be held by Kanekita. The JV combines the latter's proprietary technical expertise with CPE's established manufacturing footprint.The JV Company is expected to be incorporated within 60 days from July 14, after which the installation and testing of the surface treatment production line are expected to be completed within 12 months. Thereafter, manufacturing activities and the sale of the materials and products are expected to begin in the third quarter of the financial year ending 2027.CPE will initially invest around 2 million to 3 million Malaysian ringgit for the joint venture company's operational requirements, including site preparation and the establishment of the surface treatment production line.CPE shares were down over 5% in Friday's trade.
Malaysian shares ended in the red on Wednesday, snapping a winning streak amid a mixed regional performance. Investors could not find positive cues as the renewed US-Iran hostilities and unrest in the Middle East reignited uncertainty.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 6.18 points to end 0.4% lower at 1,713.76.In corporate news, shares of CPE Technology (KLSE:CPETECH) rallied about 11% on today's close after it signed a share purchase agreement to establish a joint venture with Japan's Kanekita. Under the agreement, the two parties will manufacture and sell materials and products using passivation treatment technology.Shares of TSR Capital (KLSE:TSRCAP) jumped over 11% on Wednesday's close after its subsidiary, TSR Bina, secured a 130 million ringgit contract for the construction and completion of earthworks and other associated works for the proposed widening of the Kuala Lumpur-Karak Highway.Titijaya Land (KLSE:TITIJYA) said the Shah Alam High Court has granted its unit, Shah Alam City Centre, leave to proceed with a judicial review challenging a 9.6 million ringgit additional tax assessment imposed by Malaysia's Inland Revenue Board (IRB). Shares gained over 2% on Wednesday's close.
CPE Technology (KLSE:CPETECH) signed a joint venture agreement with Japan's privately held firm Kanekita to manufacture and sell materials and products using Kanekita's passivation treatment technology for the semiconductor industry, according to a Tuesday Malaysian bourse filing.Shares of CPE Technology jumped nearly 10% in Tuesday's midday trade.The Malaysian joint venture company will be 50.5%-owned by CPE and 49.5% by Kanekita under the terms of the deal.Kanekita will provide technical expertise, while CPE will contribute its manufacturing capabilities and customer network to commercialize the technology.CPE said the initial investment is not expected to have a material financial impact.
CPE Technology (KLSE:CPETECH) signed a share purchase agreement to establish a joint venture with Japan's Kanekita, according to a Tuesday filing with the Malaysian Exchange.Under the agreement, the two parties will manufacture and sell materials and products using passivation treatment technology.The Malaysia-incorporated JV will have an initial issued share capital of 100 ringgit, with the company holding a 50.5% stake and Kenekita the remaining 49.5%.Kanekita will provide technical support to the venture and may also provide shareholder loans or advances to procure equipment, which can be later capitalized toward the unpaid portion of its shares.
