Signature to buy 23.67% in Fiamma


The kitchen cabinet manufacturer said the proposed acquisition is for the group to tap into Fiamma’s extensive distribution and servicing network for home and kitchen electrical appliances.

KUALA LUMPUR: Signature International Bhd is acquiring a 23.67% stake, or 120 million shares, in Fiamma Holdings Bhd for RM180mil.

The kitchen cabinet manufacturer said the proposed acquisition is for the group to tap into Fiamma’s extensive distribution and servicing network for home and kitchen electrical appliances.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Signature , Fiamma , kitchen cabinet ,

   

Next In Business News

Lim Kang Hoo proposes to streamline, merge and reorganise his group of companies
Capital A, Garuda Indonesia ink strategic partnership MoU
Sapura Energy records RM42.81mil 2Q net profit
Hiap Teck’s 4Q net profit jumps 74% to RM42.6mil
MAA proposes Budget 2024 incentives to include all electrified vehicles
Anwar: Madani philosophy not sustainable if technological transformation comes without compassion
Ringgit ends lower, hitting 4.70 against greenback on high US bond yields
Kerjaya Prospek wins RM203.06mil contract from Samsung-KP JV
Gamuda's net profit surges to RM1.84bil in FY23
Artroniq to launch EV bike in collaboration with United Motors in 4Q

Others Also Read