KPS MD/CEO Ahmad Fariz says the acquisition will complement Perangsang Dinamik’s current portfolio, consisting of Toyoplas Manufacturing and CPI.
KUALA LUMPUR: Kumpulan Perangsang Selangor Bhd
(KPS) expects to enhance its profitability on an enlarged earnings base with the acquisition of a 100% stake in MDS Advance Sdn Bhd via its wholly-owned subsidiary, Perangsang Dinamik Sdn Bhd, for RM85mil.
The purchase consideration values MDS Advance within the industry benchmark in terms of enterprise value/earnings before interest, tax, depreciation and amortisation ratio of 7.9 times, which will be fully satisfied by internally generated funds, KPS said in a filing with Bursa Malaysia.
Managing director and group chief executive officer Ahmad Fariz Hassan said the acquisition will complement Perangsang Dinamik’s current portfolio, consisting of Toyoplas Manufacturing Sdn Bhd and CPI Sdn Bhd. — Bernama
