Signature International makes the right move

TA Securities Research.explained that the acquisition will raise the kitchen cabinet and wardrobe manufacturer’s total order book and tender book by RM83mil and RM500mil, to RM480mil and RM1.2bil, respectively.

PETALING JAYA: Signature International Bhd’s proposed acquisition of a 51% stake in Space Alliance Contracts Sdn Bhd for RM15.3mil cash is seen as a positive move by TA Securities Research.

The research unit explained that the acquisition will raise the kitchen cabinet and wardrobe manufacturer’s total order book and tender book by RM83mil and RM500mil, to RM480mil and RM1.2bil, respectively.