PUB acquires carpet manufacturer for RM2.5mil

PETALING JAYA: Paragon Union Bhd (PUB) has entered into an asset purchase agreement with Carpet Art Manufacturing Sdn Bhd (CAMSB) for the proposed acquisition of the latter’s assets for RM2.5mil.

In a filing with Bursa Malaysia, PUB said CAMSB is principally involved in the manufacturing and supply of high quality handtufted and machined tufted carpets, trading in carpet and related products and general trading.

“This acquisition enables PUB to extend its market and client base by acquiring the skills and expertise in designing and manufacturing custom-made and hand-tufted commercial carpets and rugs.”

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Paragon Union , carpet


Next In Business News

Puma sees softer first half as currency effects weigh
Malaysia's January PPI narrows to 0.6% - DoSM
Malaysia, Cambodia to convene joint trade committee - PM
Indonesia plans to double palm oil replanting subsidy to 60 mln rupiah per hectare
MISC's net profit slips to RM627.3mil in 4Q
Alibaba's South Asian e-commerce giant Daraz announces layoffs in memo
Unisem's net profit drops to RM28.44mil in 4Q
Banks warily warm up to Fed repo backstop
Businesses expect improve conditions in 1Q24 - DoSM
RHB Bank's FY23 net profit rises to RM2.81bil, declares 25c div/share

Others Also Read