PETALING JAYA: Mikro MSC Bhd
is proposing to diversify its business to include the design, manufacture, and installation of signs and advertising displays, as well as provision of interior fit-out services.
In a filing with Bursa Malaysia, Mikro announced its plan to acquire a 100% stake in Singapore-based TES Productions & Projects Pte Ltd for RM30mil as part of the diversification.
The purchase consideration would be satisfied via the issuance of 134.83 million shares in Mikro at an issue price of RM0.2225 per share.
TES is principally involved in the manufacturing of signs and advertising displays. It also provides general contractor services for interior fit-outs.
Mikro said it was planning to diversify so that it could have a new source of recurring income stream to reduce its reliance on existing businesses.
