TOKYO, Apr 21 (Pulse News Wire) – Daisan CO.,LTD. (4750.T) announced today that it has decided to acquire all shares of Singapore-based Penguin Engineering & Construction Pte.
Ltd. through a written resolution based on Article 370 of the Companies Act and Article 25 of its Articles of Incorporation. The share purchase agreement is scheduled to be signed. DaiSan aims to deepen its core business areas, particularly overseas engineering projects, through mergers and acquisitions. Penguin Engineering & Construction specializes in high-value engineering services such as pipe installation for large oil and chemical plants in Singapore. With strong customer relations and synergies with DaiSan’s existing subsidiaries, Mirador Building Contractor Pte.
Ltd. and Golden Light House Engineering Pte. Ltd., the acquisition is expected to enhance group value. Key details of the transaction include: - Acquisition cost: ¥2,000 thousand Singapore dollars (approximately ¥1.599 billion) - Number of shares acquired: 200,000 (representing 100% voting rights) - Capital: SGD 100,000 (approximately ¥79,980,000) Penguin Engineering & Construction was established on September 12, 1980, and had a net asset value of SGD 1,000,000 (approximately ¥79,980,000) as of December 2025. The company reported revenue of SGD 15,000,000 (approximately ¥1,199,700,000) and operating profit of SGD 2,000,000 (approximately ¥159,960,000) for the fiscal year ended December 2025. The impact of this acquisition on DaiSan's consolidated performance for the fiscal year ending April 2026 is anticipated to be negligible.
Detailed forecasts for the fiscal year beginning April 2027 will be disclosed along with the interim report scheduled for June 2026.
🟢 Confidence: High AI-translated content.