Reason To Sell
Owner's retirement planning, looking for strong successor to further grow the business.
The principal activity of the Company is manufacturing of plastic hose and other related products.
Supporting and Training:
YES. CURRENT OWNER WISH TO WORK WITH THE COMPANY AND CONTINUE ASSISTING THE COMPANY TO GROW
LAND ON LEASE TILL 2085
The land is around 0.65 acres while the two floor building has more than 40000 sq ft of space.
FULL ASSSETS LIST ON FILE . ALL ARE WELL MAINTAINED
As at 30 June 2013: Motor vehicles net book value RM18,064 and machinery net book value RM168,185
There are 4 to 5 manufacturers making similar range of products, but the overlapping is only in around 20% to 30% products due to each manufacturer has its own product mix.
There are opportunities in export market like SEA and other 1st world countries if the price remains stable.
There is also potential to transform the business in this new ERA.
The business has won many awards for excellence performance, strong technical knowledge in their products, strong government support such as National Productivity
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