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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Mikro MSC , TES , acquisition

Next In Business News

IATA optimistic on Malaysia's aviation outlook as regional recovery accelerates
ISF Group, Alliance Islamic Bank ink IPO underwriting agreement
Bank Islam targets 50% rise in BIMB biz users payment to voice feature
CPO output down 5.3%, palm oil exports fall 28.13% in Nov -�MPOB
Bursa Malaysia slips at midday amid subdued regional sentiment
EcoWorld achieves record sales and profit in FY25
LAC Med shares up on market debut
Steel unit price index falls 0.1 to 3.2 % in Nov - DoSM
SumiSaujana explores partnership with China polyurethane product manufacturer
Carsome's record retail performance drives up 3Q earnings

Others Also Read