KUALA LUMPUR, Oct 30 (Bernama) -- Mi Technovation Bhd's wholly owned subsidiary, Ohima International Pte Ltd, has entered into a conditional sale and purchase agreement to acquire a seven-storey light industrial development located at New Industrial Road, KHL Building, in Singapore, for S$103.88 million (RM331.80 million) in cash.
Mi Technovation Unit To Acquire KHL Building In Singapore For SG$103.88 Mln
Mi Technovation, acquisition, Singapore, hub, corp
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Key takeaways
Mi Technovation's subsidiary agrees to buy a Singapore building for S$103.88 million to expand its vehicle tech operations.
- Ohima International Pte Ltd signed a deal to buy KHL Building in Singapore for S$103.88 million.
- The acquisition aims to support Mi Technovation's vehicle technologies business unit expansion.
- The building will serve as a global hub with data centers, AI facilities, and other operational units.
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