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  

 PENSONI :  [Stock Watch]  [NewsPENSONI-O :  [Stock Watch]

For latest MSEB indices, charts and other information click here

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Did you find this article insightful?


Next In Business News

CPO futures to trend lower on profit taking next week
WhatsApp to delay launch of update business features after privacy backlash
US National Rifle Association files for bankruptcy
Oil drops over 2% on China lockdowns, U.S. stimulus concerns
Dollar finishes week stronger as US data hurts risk appetite
GLOBAL MARKETS-Data, lockdowns weigh on stocks
Surviving another lockdown
Malaysia not alone in launching Covid-19 emergency
Short Position - Pui's challange, Online betting, lack of options,
Banks to feel impact of another OPR cut?

Stories You'll Enjoy