PETALING JAYA: Construction company Fututech Bhd is acquiring a private construction company belonging to its executive chairman Tee Eng Ho for close to RM400mil, which will result in Fututech garnering a RM2bil order book from that private company, said a source.
The acquisition comes with a profit guarantee of close to RM150mil for three years. The source added that the deal would be financed by a mixture of shares and cash.
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