Bina Puri Holdings Bhd is acquiring full control of Enforture (Sarawak) Sdn Bhd, a water treatment engineering company, for an upfront cash payment of RM100,000, along with additional payments tied to the company’s future performance.
In a filing with Bursa Malaysia, Bina Puri said the acquisition is expected to be completed by the end of the month and will enhance its capabilities in water treatment, water supply, and related infrastructure works.
Enforture Sarawak has ongoing and pipeline projects with a combined estimated value of RM192.82 million, and is projected to generate RM52.86 million in pre-tax profit and RM40.17 million in net profit over the next two years.
