Syntec Technology Unit Leases Property in Selangor, Malaysia; Shares Rise 4%

MT Newswires Live

02/26

Syntec Technology (TPE:7750) unit Syntec Intelligence Technology is acquiring a right-of-use asset from a related party, Mysyntec Technology, according to a Wednesday Taiwan Exchange filing.

Shares gained over 4% in Thursday's afternoon trade.

The asset involves a 1,310.5-square-meter leased property in Selangor, Malaysia, with a monthly rent of 65.59 ringgit per ping, totaling 26,000 ringgit per month.

The right-of-use asset is valued at 312,087 ringgit, covering a lease term from March 1, 2026, to Feb. 28, 2027.

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