CPE Technology buys Ulu Tiram factory for RM14.5m
- CPE Technology is paying RM14.5m for No. 16, Jalan Indah Gemilang 5, Ulu Tiram: about RM330 psf of land, buildings included.
- It is CPE's third factory buy on the same road since 2024, after No. 2 (about RM224 psf) and No. 17 (about RM230 psf).
- Its order book has grown to RM186.2m from RM30.5m at the end of 2025, and its machines are to rise from 392 to 638.
- CPE dropped a 2023 plan to build two plants on vacant land and is buying ready factories next to its own instead.
How much is CPE Technology paying for the Ulu Tiram factory?
RM14.5 million in cash for a double-storey factory and three-storey office on about 1.01 acres, about RM330 per sq ft of land including the buildings.
Where is the factory CPE Technology is buying?
At No. 16, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, Johor, on the same road as five factories CPE already owns.
Who is selling the factory to CPE Technology?
Logitech Engineering Solutions Sdn Bhd, which CPE says is not linked to its directors or major shareholders.
When will CPE Technology complete the purchase?
CPE expects completion by the first quarter of 2027, with production starting between the second and third quarters of 2027.
CPE Technology Bhd's wholly owned unit, Champion Precision Technology Sdn Bhd, agreed on 27 October 2026 to buy a double-storey factory and three-storey office at No. 16, Jalan Indah Gemilang 5, Taman Perindustrian Gemilang, Ulu Tiram, Johor, for RM14.5 million. The land is 0.4081 hectares, or about 43,928 sq ft (1.01 acres), so the price works out to about RM330 per sq ft of land, buildings included (our calculation). The seller is Logitech Engineering Solutions Sdn Bhd. It is CPE's second factory purchase on this road since July, and its third since 2024.
The deal
- Price: RM14.5 million in cash, agreed against the "indicative average market value" of nearby properties. No valuation was published
- Seller: Logitech Engineering Solutions, a real estate and engineering company not linked to CPE's directors or major shareholders
- Funding: money raised at CPE's 2023 listing. The RM1.45 million deposit has been paid
- Timing: completion by the first quarter of 2027, with production starting between the second and third quarters of 2027
Three buys on one road
| No. 2 | No. 17 | No. 16 | |
|---|---|---|---|
| Agreed | July 2024 | July 2026 | October 2026 |
| Seller | Foh Foh (M) | Flomatic Industries | Logitech Engineering Solutions |
| Land | 44,595 sq ft | 43,475 sq ft | 43,928 sq ft |
| Price | RM10.0m | RM10.0m | RM14.5m |
| Per sq ft of land | about RM224 | about RM230 | about RM330 |
The per-sq-ft figures include the buildings, which differ. No. 2 has a single-storey factory and a double-storey office of 24,858 sq ft (about RM402 per sq ft built). No. 16 has a double-storey factory. Nos. 16 and 17 together have about 67,044 sq ft of floor space, room for about 240 machines: about RM365 per sq ft of floor (our calculation).
No. 17, bought from a fridge maker, was handed over on 15 September and starts production in November. CPE also owns Nos. 4, 5 and 6 on this road, and a plant in nearby Taman Perindustrian Cemerlang.
Why it needs the space
- Order book: RM186.2 million on 29 October, up from RM61.4 million in June and RM30.5 million at the end of 2025. About 90% is from semiconductor customers
- Machines: 392 in use now, rising to 638 by mid-2027
- Spending since July: RM55.5 million on 188 machines. With the two factories, that is about RM80 million (our sum). The Edge's RM45.52 million total counted only the August machines
- New shares: Bursa Malaysia approved the listing of up to 10% new shares on 4 November; RM54 million of the money is for 160 more machines
- Results: revenue for July to September 2026 rose 73% to RM43.88 million
Buying instead of building
When CPE listed in December 2023, raising RM179.58 million at RM1.07 a share, it planned to build two plants of about 118,474 sq ft each on two vacant lots in the same park, opening in May 2027. In July 2024 it moved that RM69.6 million to buying ready factories nearby instead, to add capacity sooner and because a new semiconductor customer wanted its parts made in a separate building.
Cover map: EPIQ, via EdgeProp.
- Bursa Malaysia — CPE Technology: acquisition of No. 16 Jalan Indah Gemilang 5 for RM14.5m (27 Oct 2026)
- Bursa Malaysia — CPE Technology: acquisition of No. 17 Jalan Indah Gemilang 5 for RM10m (5 Aug 2026)
- Bursa Malaysia — CPE Technology: proposed acquisition of No. 2 and variation of IPO proceeds (15 Jul 2024)
- Bursa Malaysia — CPE Technology: proposed private placement (2 Nov 2026)
- Bursa Malaysia — CPE Technology: private placement listing approved (4 Nov 2026)
- Bursa Malaysia — CPE Technology: purchase of 118 machines (17 Jul 2026)
- Bursa Malaysia — CPE Technology: purchase of 70 machines (5 Aug 2026)
- Bursa Malaysia — CPE Technology Annual Report 2026 (22 Oct 2026)
- Bursa Malaysia — CPE Technology results for the quarter to 30 September 2026 (10 Nov 2026)
- The Edge Malaysia — CPE Technology to acquire Johor factory for RM14.5 mil to expand production capacity (27 Oct 2026)
Facts summarised in our own words, with our own analysis added.
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