PETALING JAYA: Analysts remain neutral on Sam Engineering & Equipment
(M) Bhd’s acquisition of Aviatron (M) Sdn Bhd due to single customer risk and the absence of a profit guarantee provided in the deal.
Recently, SAM Engineering announced it was acquiring a 100% stake in Aviatron for RM203mil cash from its own major shareholder Singapore Aerospace Manufacturing Pte Ltd (SAMPL) and settle the RM201mil shareholder loan Aviatron took from SAMPL.
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