INTRACO

INTRACO: Acquiring 70% stake in fire protection specialist KA Group for $16.6m. The first $3.15m will be paid via 5m new shares at $0.63/share, with balance paid in cash. This presents an immediate entry point into the fire-protection industry and serves as a good platform to further expand into other niche specialized building-related industry, and is a good platform to further expand into related activities. KA Group’s attractive margin business and strong growth prospects will be accretive to INTRACO’s earnings. To increase the value of KA Group, management intends undertake some steps such as to institutionalize KA Group’s expertise, growing its business internationally, and strengthen KA’s management team.