PUB acquires carpet maker 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.