Bose sets up shop in Penang
US-based audio company Bose Corp will establish its sixth manufacturing facility in Batu Kawan, Penang. The 600,000sq ft plant is also the company’s first Asia Pacific facility, and is scheduled to open in the middle of 2013. The facility will serve the Asean market, as well as Australia, Japan, China and the United Arab Emirates, among others.
SP Setia in RM1.1bil project
Property developer SP Setia will be developing an eco-themed mixed residential development project on freehold land in Penang, with a gross development value of RM1.1bil. The company had acquired the 21.3-acre land for RM185.6mil.
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