The vendors also owns an 80% stake in Profoto Malaysia, a company incorporated in Malaysia providing similar services to PDS. The remaining 20% stake is held by an unrelated third party.
SINGAPORE (Apr 1): Teckwah Industrial Corporation announced that it is acquiring Profoto Digital Services (PDS) from two individuals – Johnny Pranata and Lock Hui Soon – for a consideration of $13.0 million.
PDS is in the business of providing digital graphic prints, event set-ups, window display and project management services. Its customers are mainly in the fashion and beauty industry, as well as in shopping malls.
