SCGM

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OTHERS SCGM BHD ("SCGM" or "the Company") - SCGM to acquire additional 2 new face mask production machines

SCGM BHD

Type Announcement
Subject OTHERS
Description
SCGM BHD ("SCGM" or "the Company")
- SCGM to acquire additional 2 new face mask production machines

Further to the announcement on 30 July 2020, SCGM Bhd ("SCGM" or "the Company") wishes to announce that the Company's wholly-owned subsidiary, Lee Soon Seng Plastic Industries Sdn Bhd, will acquire 2 additional units of new face mask production machines from China for a total cost of approximately RM360,000, to cater for the increasing demand of face masks, in particular for children and students. 

The two machines are expected to arrive and be installed in the Company's premises in September 2020 to boost the current production capacity.

The investment will be financed by internal funds.

With this, the Group would have a total of 5 units of face mask production machines.

The announcement is dated 13 August 2020.






Announcement Info

Company Name SCGM BHD
Stock Name SCGM
Date Announced 13 Aug 2020
Category General Announcement for PLC
Reference Number GA1-30072020-00124