Mikro MSC acquires Singapore signage firm TES Productions for RM30mil

PETALING JAYA: Mikro MSC Bhd is proposing to acquire Singapore-based TES Productions and Projects Pte Ltd (TES) for RM30mil in shares to diversify into the business of design, manufacture and installation of signs and advertising displays.

In a filing with Bursa Malaysia, Mikro MSC said it had entered into a heads of agreement with Calida Group Pte Ltd for the proposed acquisition of 100,000 ordinary shares in TES, for RM30mil.