KUALA LUMPUR: PMCK Bhd
has proposed to acquire the entire equity interests in Marpoliq Sdn Bhd and Derberg Sdn Bhd for a total of RM52.76mil in cash, as part of a move to diversify into the medical consumables business.
In a filing with Bursa Malaysia, PMCK said it entered into a conditional share sale agreement with Lim Foong Leng and Lim Kwai Weng to acquire Marpoliq for RM29.44mil and Derberg for RM23.32mil.
Both companies are principally involved in the import and supply of medical consumable products.
PMCK said the acquisition would reduce its dependence on its existing healthcare services businesses while providing an additional source of revenue and profit.
The vendors have also provided an aggregate profit guarantee of RM6mil for the two financial years ending March 31, 2027 and March 31, 2028.
The purchase will be funded through internally generated funds and bank borrowings. Upon completion, Marpoliq and Derberg will become wholly-owned subsidiaries of PMCK.
The proposals are subject to shareholders' approval at an extraordinary general meeting and are expected to be completed by the first quarter of 2027.
