Signature International to acquire Corten Interior, Areal Interior for S$47.8mil

Chiau Haw Choon

PETALING JAYA: Kitchen cabinet manufacturer Signature International Bhd (SIB) is proposing to acquire Singapore’s Corten Interior Solutions Pte Ltd and Areal Interior Solutions Pte Ltd (Areal) for S$47.8mil (RM160.48mil).

In a filing with Bursa Malaysia yesterday, SIB said it had entered into a conditional share sale agreement (SSA) with Lim Leng Foo to acquire 1.5 million ordinary shares or 75% equity interest in Corten for S$45mil (RM151.08mil).