KUALA LUMPUR: Industronics Bhd

has entered into an agreement to acquire a retail property in Melaka for RM5mil as part of its strategy to expand its income-generating asset base.

In a filing with Bursa Malaysia, the group said its wholly owned indirect subsidiary, Golden Starling Capital Sdn Bhd, signed a sale and purchase agreement with Ng Pei Ling for the proposed acquisition.