Signature International Bhd is laying claim to becoming the largest kitchen and wardrobe company in Asean following its proposed acquisitions of two Singaporean companies.
The companies that are being acquired in a non-related party transaction totalling S$47.8mil (RM160.48mil) in cash are Corten Interior Solutions Pte Ltd for S$45mil (RM151.08mil) and Areal Interior Solutions Pte Ltd for S$2.8mil (RM9.4mil).
This marks a key milestone for us. In the past 50 years, Italy and Germany have been a market leader to lead the trends in design and product development of kitchen, home and living furniture products.
“In the past 10 years, companies in China have also done quite well. Signature would like to be the first company in Asean, with our base in Malaysia and Singapore, to lead in this space now
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