Stock News: Techcomp Holdings acquired a production plant for expansion!

Techcomp Holdings Ltd, a China-based manufacturer of medical laboratory instruments, may be active after it said it has acquired a production plant in Shanghai that will enable it to more than double its production capacity. Techcomp bought the first two floors of the building for 1.53 mln usd and has leased the remaining three floors with an option to purchase more floors by March 2007. "We are ramping up production capacity in anticipation of increased orders for scientific devices carrying our Techcomp brand name as well as more original design manufacturing and original equipment manufacturing orders," president Lo Yat Keung said. Techcomp last traded at 0.28 sgd on Wednesday.