TT Vision (KLSE:TTVHB) unit TT Vision Technologies signed a conditional lease deal worth 25.1 million ringgit with Penang Development for a parcel of industrial land, according to a Wednesday Malaysian bourse filing.
Shares gained over 6% in late morning trade on Thursday.
The lease involves a 3.6-acre site at Bayan Lepas Industrial Park, and spans 60 years.
The proposed lease aims to support TT Vision's expansion plans and future operations.