KUALA LUMPUR: Pekat Group Bhd is acquiring six adjoining plots of industrial land in Nilai, Negri Sembilan, for RM30.58 million to expand its manufacturing and energy-related businesses.

The acquisition will be undertaken by its indirect 60 per cent-owned subsidiary, EPE Switchgear (M) Sdn Bhd, from Sime Darby Property (Nilai) Sdn Bhd, a wholly-owned subsidiary of Sime Darby Property Bhd.

In a filing with Bursa Malaysia today, Pekat said the six freehold plots have a combined land area of 38,108 square metres and form part of the Bandar Hamilton Nilai – Plot 5 industrial development.

"EPE's existing premises in Nilai do not have sufficient capacity for the group's planned expansion.