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Article: Datascan may expand abroad via acquisitions
- Article from:
- New Straits Times
- Article date:
- June 2, 2007
- Author:
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Chong Jin Hun
New Straits Times
06-02-2007
Datascan may expand abroad via acquisitions
Byline: Chong Jin Hun
Edition: Main/Lifestyle
Section: Business Times
Type: Company
MESDAQ'S Datascan Bhd, a supplier of electronic point-of-sale products, may buy rivals to expand abroad and, chances are, it may not pay dividends in current fiscal 2007 due to the anticipated capital outlay.
To have a firmer grasp of its clientele, Datascan is also luring its traditionally one-off buyers into longer-term relationships, thus, adding more predictability to the seller's earnings.
"Dividends are unlikely this year because we want to use the cash for growth. We plan to use our property sale proceeds for M&As ...