Panasonic ready for $8.4 bln M&A spree as profit jumps


TOKYO: Japanese electronics supplier Panasonic Corp said it was ready to spend 1 trillion yen ($8.4 billion) on acquisitions over the next four years, emboldened by a stronger profit outlook for its automotive and housing technology businesses.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Westports' 1Q net profit rises to RM204.51mil
FBM KLCI nearly flat at lunch break
MAB Engineering secures country's first aircraft maintenance digital certification
Microsoft to invest US$2.2bil in cloud and AI services in Malaysia
Agricore inks underwriting deal with M&A Securities
Malaysia's manufacturing PMI rises to 49.0 in April, suggesting improved GDP growth - S&P Global
DBS quarterly results trounce forecasts, another record year expected
Ringgit opens slightly lower against US$ as Fed leaves rate unchanged
F&N sees strong consumer demand
Soft start on Bursa following Fed comments

Others Also Read