Core Viewpoint - KFM金德 (03816) announced the sale of machinery for a total price of 2.1081 million Malaysian Ringgit to KBT, aiming to enhance operational capacity and focus on the data storage industry due to changing market demands [1] Group 1: Company Actions - KFM金德's wholly-owned subsidiary, KPM Malaysia, entered into a sales agreement with KBT for the machinery [1] - The machinery, primarily metal stamping machines, has been underutilized due to a decline in demand from the medical and testing equipment sector [1] - The sale is expected to generate a net cash inflow of 2.1081 million Malaysian Ringgit, which will strengthen the company's working capital [1] Group 2: Industry Context - There has been a decrease in demand from clients in the medical and testing equipment industry over the past two years [1] - Conversely, the demand from clients in the network and data storage industry has increased, driven by global advancements in artificial intelligence [1] - The company plans to expand its metal stamping production capacity to better serve the growing network and data storage sector [1]
KFM金德附属拟210.81万令吉出售CNC生产机器