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NewsSani eyes RM1b assets in 5 years
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Sani eyes RM1b assets in 5 years
by hlk Thu 13 Feb 2014, 12:42
KUALA LUMPUR: Sani United Bhd aims to increase its assets by more than a third to RM1 billion in the next five years. Currently, its assets stand at RM300 million.
It also hopes to seek listings for its subsidiaries on Bursa Malaysia.
These plans were unveiled by its managing director, Datuk Wan Mohammad Sani Salleh, after the signing of an agreement with Australia-based Strategic Marine (S) Pte Ltd on the purchase of 10 units of fast crew vessels worth RM210 million.
He said the company is expecting two of its vessels to be delivered this year, with the rest to be delivered next year and in 2016.
Sani said the company sees tremendous demand for crew vessels locally and globally.
He added that it is also looking to enhance its services with the purchase of the crew vessels.
Sani said the company's turnover is expected to hit RM100 million in the next three years.
He estimated that the new diversified business will contribute about 40 per cent to revenue.
It also hopes to seek listings for its subsidiaries on Bursa Malaysia.
These plans were unveiled by its managing director, Datuk Wan Mohammad Sani Salleh, after the signing of an agreement with Australia-based Strategic Marine (S) Pte Ltd on the purchase of 10 units of fast crew vessels worth RM210 million.
He said the company is expecting two of its vessels to be delivered this year, with the rest to be delivered next year and in 2016.
Sani said the company sees tremendous demand for crew vessels locally and globally.
He added that it is also looking to enhance its services with the purchase of the crew vessels.
Sani said the company's turnover is expected to hit RM100 million in the next three years.
He estimated that the new diversified business will contribute about 40 per cent to revenue.
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