KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd (KPS) has received shareholders approval to acquire 100% stake in Toyoplas Manufacturing (M) Sdn Bhd and its subsidiaries for RM311.25mil.
KPS said the acquisition was via its subsidiary, Perangsang Dinamik Sdn Bhd.
The valuation of the acquisition’s purchase price was within the industry benchmark, in terms of enterprise value-to-earnings before interest, tax, depreciation and amortisation and price-earnings ratios of 5.23 times and 8.66 times, respectively. — Bernama
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