PETALING JAYA: Construction company Fututech Bhd is acquiring a private construction company belonging to its executive chairman Tee Eng Ho for close to RM400mil, which will result in Fututech garnering a RM2bil order book from that private company, said a source.
The acquisition comes with a profit guarantee of close to RM150mil for three years. The source added that the deal would be financed by a mixture of shares and cash.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
