25 September 1997: Australia“s ASX-Armourglass, which saw its sales revenue go up 13.9% to approximately A$1.42 million for the year ended 30 June 1997, announced the acquisition of two of its subsid…
25 September 1997: Australia“s ASX-Armourglass, which saw its sales revenue go up 13.9% to approximately A$1.42 million for the year ended 30 June 1997, announced the acquisition of two of its subsidiaries on 12 September. The first is Armourglass (UK) Limited, of which ASX-Armourglass has acquired 100% ownership and control by purchasing the 50% interest held by EFCO Limited; the second is Armourglass Secure Sdn, Bhd. The company has acquired a further 60% interest in this Malaysian company and thus increased its total interest to 70%. The firm said that these two strategic acquisitions will better enable the group to pursue new manufacturing and marketing opportunities in both South East Asia and Europe.