Kumpulan Perangsang aims for RM1b revenue by 2018

SHAH ALAM: Kumpulan Perangsang Bhd (KPS), which recently disposed part of its water assets, is looking for more acquisitions to achieve the revenue target of RM1 billion by 2018.
Chairman Datuk Haji Idris Raja Kamarudin said the company has allocated RM300 million for its acquisition plans this year.
"We're targeting matured immediate income generating assets to ensure sustained dividend payout and value creation for our shareholders," he told a press conference after the company's AGM here today.
In recent months, KPS have undertake a few corporate exercises, including the acquisition of a 60% stake in licence holder of the King Koil mattress brand for US$28.8 million (RM116 million).
The company also increased its stake to 51% in chemicals trading firm Aqua-Flo Sdn Bhd and bought 51% equity interest in Smartpipe Technology Sdn Bhd, which is involved in water pipe replacement business, for RM5.1 million.