OKA's share price rise after announcing expansion plan

PETALING JAYA: OKA Corp Bhd’s share price rose 2.13% this morning after announcing plans to build a factory in Johor to serve anticipated business growth in the region.
At 11.18am, its share price rose 2.13% or 3 sen to RM1.44 with a total of 26,000 shares traded. The stock fell 2 sen yesterday to close at RM1.41 with some 54,400 shares changing hands.
OKA told Bursa Malaysia yesterday that it is buying 3.6ha land in Mukim Senai-Kulai in Johor for RM10.1 million, on which it plans to construct a factory.
It said that the proximity of the property to the existing operations was a factor to acquire the property in preference to alternative sites.