Sumitomo Mitsui Construction Co., Ltd. along with Koh Jimmy and Chan Chin Choo completed the acquisition of Antara Koh Private Limited.
February 27, 2022
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Sumitomo Mitsui Construction Co., Ltd. (TSE:1821) along with Koh Jimmy and Chan Chin Choo signed an agreement to acquire Antara Koh Private Limited for SGD 88 million on December 23, 2021. Sumitomo Mitsui Construction will acquire 15 million shares. With the acquisition of the shares, Antara Koh (Myanmar) Ltd, a subsidiary of AKPL, and his AKM Sdn. Bhd will become a subsidiary company of the Company. Antara Koh reported net assets as SGD 4.9 billion, sales as SGD 5.02 billion and net income as SGD 2.4 billion for the period end on December 2020. Stock transfer date is planned to take place on February 15, 2022.
Sumitomo Mitsui Construction Co., Ltd. (TSE:1821) along with Koh Jimmy and Chan Chin Choo completed the acquisition of Antara Koh Private Limited in February 2022.
Sumitomo Mitsui Construction Co Ltd is a Japan-based company mainly engaged in the civil engineering and construction work. The Company operates in two business segments. Along with its subsidiaries, the Civil Engineering Work segment is engaged in the design and construction of civil engineering works in domestic markets and overseas markets, include construct prestressed concrete (PC) bridges and other construction projects ordered mainly by government agencies. The Building Work segment is engaged in the design and construction of building works in domestic markets and overseas markets, include high-rise residential buildings and other construction projects ordered mainly by private companies. The Company also operates solar power generation business and related businesses, as well as insurance agency business.