Pecca diversifies into medical equipment

“We saw immediate need to embrace new ways of doing business in order to ensure that we remain relevant in the new business environment. “This dynamism and agility led us to the diversification into the healthcare business, which we believe would be the business of the future,” Pecca group managing director Datuk Teoh Hwa Cheng said

PETALING JAYA: Pecca Group Bhd, a manufacturer of automotive leather seat interior, has proposed to acquire a 51% stake in Rentas Health Sdn Bhd for RM100mil.

The acquisition would be satisfied through a combination of cash and issuance of new ordinary shares in Pecca to the vendor Teoh Zi Yuen.