PETALING JAYA: Infoline Tec Group Bhd has proposed to acquire two adjoining three-storey semi-detached factory buildings in Sungai Buloh, Selangor, for a total cash consideration of RM18.58mil, alongside plans to introduce an employees’ share option scheme.

In a filing with Bursa Malaysia yesterday, the group said its wholly owned subsidiary, Infoline IT Solutions Sdn Bhd, had entered into separate sale and purchase agreements with Huayi (Sea) Sdn Bhd and Orionis Technology (M) Sdn Bhd to acquire the properties for RM9.29mil each.

The assets will be purchased free from encumbrances on an “as is where is” basis, with completion of both deals interdependent.

The purchase price is slightly below the combined market valuation of RM18.6mil as appraised by an independent valuer.

Source: The Star (9 April 2026)