Pensonic in talks to buy local electronics maker


Pensonic Holdings Bhd is in talks to acquire a local electronics maker as part of a plan to quadruple its market value to US$100mil in three years, managing director Dixon Chew said.  

“We are half-way there,'' Chew said yesterday in an interview on the sidelines of the Asia Pacific CFO Roundtable in Singapore, adding that the talks might take a year to finalise. In the context of Malaysia, “it is quite a significant amount.''  

Pensonic is trying to boost its share of the local market through acquisitions and branding activities.  

“There is a possibility to buy into a brand,'' Chew said. “We are hoping to grow our size to US$100mil in the next three years through organic growth and mergers and acquisitions.'' – Bloomberg  

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