EI Power Bhd is expanding its operations with the purchase of a freehold factory in Shah Alam. The acquisition, valued at RM17.2 million, will be undertaken by its subsidiary, EI Power Technologies Sdn Bhd. Funding for the purchase will primarily come from the capital raised during the company’s recent initial public offering (IPO). This strategic move indicates EI Power’s commitment to growth and increased manufacturing capacity. The factory in Shah Alam will support the company’s future endeavors and bolster its position within the industry. Further details regarding the factory's specific use and potential impact on production are expected to be released. This acquisition represents a significant step for EI Power following its successful IPO.