KUALA LUMPUR (Jan 20): Oldtown Bhd shares edged up on Friday after the company said its unit White Cafe Sdn Bhd is investing RM36.65 million in a new factory in Tasek Industrial Estate, Perak to expand its beverage manufacturing operations.
At 9.20am, Oldtown added two sen to RM1.30 with 158,100 shares traded.
The company on Thursday said the expansion would enable it to increase the production capacity by 500%.
It said the CONSTRUCTION [] period was for a period of eight months with completion expected to completed by the third quarter of 2012.
Oldtown said the construction would be financed by a combination of utilisation of the IPO proceeds, bank borrowings and internally generated funds.
At 9.20am, Oldtown added two sen to RM1.30 with 158,100 shares traded.
The company on Thursday said the expansion would enable it to increase the production capacity by 500%.
It said the CONSTRUCTION [] period was for a period of eight months with completion expected to completed by the third quarter of 2012.
Oldtown said the construction would be financed by a combination of utilisation of the IPO proceeds, bank borrowings and internally generated funds.
