The acquisition was in line with Pansar's proposed diversification of its principal activities to include construction and civil engineering.
PETALING JAYA: Pansar Bhd
has proposed to acquire a construction and civil engineering company for a purchase consideration of RM151mil to diversify its business.
The engineering solutions provider said yesterday it had entered into a conditional share purchase agreement with PE Holdings Sdn Bhd to acquire a 100% stake in Perbena Emas Sdn Bhd, which has civil works, building works and infrastructure projects in Sarawak.
“The company has an existing secured order book of approximately RM645mil and is in advanced stages of tendering for more than RM2bil worth of new projects, ” Pansar said in a statement. The acquisition was in line with the proposed diversification of its principal activities to include construction and civil engineering.
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