Arts Optical International (HKG:1120) unit Arts Optic Property (M) agreed to acquire a unit of semi-detached factory with a two-storey office in Malaysia from WWRC Ingredients for nearly 12.9 million ringgit, a Monday bourse filing said.
The property is currently being leased by Arts Optic Lab (M.) for the period ending May 6, 2027. Following completion, Arts Optic Property (M) will become the landlord under this lease agreement.
Acquiring the property will eliminate certain uncertainties for the eyewear firm, including potential termination or non-renewal of the tenancy agreement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.