Betamek completes acquisition of Sanshin for RM13.4mil

Betamek Bhd executive director Muhammad Fauzi Abd Ghani

KUALA LUMPUR: Betamek Bhd has completed the acquisition of a 100.0% equity interest in Sanshin (M) Sdn Bhd, an established player in the automotive electronics manufacturing sector for RM13.4mil cash.

The electronics manufacturing services (EMS) provider, in a statement, said the acquisition is valued at a price-to-earnings multiple of 10.0 times, based on the audited profit after tax of RM1.3mil for Sanshin, reflecting both the strategic value and the financial health of the acquired entity.