Home / Knowledge / News / Apparel/Garments / Malaysia's MESB ponders buying three apparel brands
Malaysia's MESB ponders buying three apparel brands
Feb '12
To strengthen its retail business arm, MESB Bhd, a Malaysia based engineering service provider, is considering acquisition of three promising apparel brands.

Yam Kim Lum, Executive Director of the firm, said the company has earmarked a sum of five million RM from sale proceeds of its telecommunication engineering company - Dynamic Communication Link Sdn Bhd, for expansion of its retail business over the next couple of years.

Speaking on the sidelines of the company's extraordinary general meeting (EGM), Mr. Yam said the acquisition deal for at least one brand is likely to be finalised during current fiscal that ends on March 31.

The new acquisition is projected to contribute 15 percent to the firm's earnings during the next fiscal, he said.

Most of the shareholders at the EGM nodded in favour of selling Dynamic Communication Link to Touch Mindscape Sdn Bhd for a price of RM15 million.

The decision to sale the telecommunication engineering company is in accordance with the firm's present aim of concentrating on retail business.

A major portion of around 65 percent of MESB's last fiscal's turnover of RM70 million came from its retail business.

Mr. Yam informed that the company is ready to receive any new business opportunity and has earmarked five million RM separately for penetrating into new engineering segments.

Commenting on the outlook for the retail sector in Malaysia this year, Mr. Yam said, MESB is warily positive about the sector's performance this year, owing to an expected general election in the country.

He said the rise in wages of civil servants has given a respite to the retail industry as it would enhance domestic consumption

Fibre2fashion News Desk - India

Must ReadView All

Union textiles minister Smriti Irani addressing at the Texprocil Annual Export Awards. Courtesy: PIB

Textiles | On 22nd Oct 2016

Govt to extend special package to home textiles segment

The Central government is likely to extend the recently approved Rs...

Reebok Liquid Speed Grey. Courtesy: Business Wire

Apparel/Garments | On 22nd Oct 2016

Reebok’s Liquid Factory brings sneaker creation to US

Reebok, a pioneer in the sporting goods industry, has brought sneaker ...

Courtesy: GHCL

Textiles | On 22nd Oct 2016

GHCL to invest Rs 67.25 crore in textile division

Chemicals and textiles firm GHCL will invest Rs 67.25 crore in its...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search