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Article: Pelikan eyes RM5b revenue by 2012
- Article from:
- New Straits Times
- Article date:
- November 10, 2009
- Author:
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Hamisah Hamid
New Straits Times
11-10-2009
Pelikan eyes RM5b revenue by 2012
Byline: Hamisah Hamid
Edition: Main/Lifestyle
Section: Business Times
Type: Company
STATIONERY maker Pelikan International Corp Bhd expects to hit Euro1 billion (RM5.05 billion) in revenue by 2012, through mergers and acquisitions (M&As).
Its president and chief executive officer Loo Hooi Keat (picture) said the company is aiming at both regional and international M&As, but did not elaborate.
The main market-listed company, which posted revenue of RM1.3 billion last year, is anticipating its combined revenue to reach RM3 billion when it finalises the proposed acquisition of 66 per cent stake in Herlitz AG and ...