Sasbadi eyes the M&A route to growth

PETALING JAYA: Sasbadi Holdings Bhd is looking at merger and acquisitions (M&As) as it seeks to accelerate growth and to enter new business segments.

“A key strategy to achieve this for financial year ending Aug 31, 2024 (FY24) and beyond is through M&As that strategically fill niches which our group has little or no market presence in,” the publisher said the notes accompanying its financial results.

Sasbadi said by acquiring the right companies, the group could launch into new business segments with significant market share while improving the acquired companies’ financial performance.