Malaysia KLCI Stock News - PSIPTEK (Prinsiptek)

Prinsiptek: Onlookout for M&A opportunities. Construction firm Prinsiptek Corp, which recently diversified its business into property development, is considering potential mergers and acquisitions (M&As) in construction-related businesses, said its group MDDatuk Foo Chu Jong. The group is interested in diversifying into manufacturing of building materials and is eyeingpotential M&As within the sector. Foo said the group has been in talks with several parties on potential acquisitions but has yet to identify a suitable deal. These parties are involved in the manufacturing of construction based materials.(SunBiz)