Serba Dinamik to seek more funds
Khairul Khalid | 07 Jul 2017 00:30

Newly-listed Serba Dinamik Holdings Bhd, which is embarking on a merger and acquisition (M&A) trail, is close to securing a deal and a major announcement is believed to be imminent.

With a string of M&A activities and a tender book worth some RM10 bil over the next three years, there are concerns these may put a strain on the company’s financials.

However, CEO Datuk Mohd Abdul Karim tells FocusM the engineering services company will be looking at raising more funds to facilitate these M&A deals.

“We are looking to raise funds within a year to help with the acquisition exercises,” says Karim, although he does not specify how much or how the company intends to raise the extra funds. The company said previously it has allocated RM40 mil for these M&As.

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