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Ekuiti Nasional has been on a buying spree of late, especially in relation to the food and beverage sector. Are its acquisitions viable?
SINCE IT WAS SET UP IN SEPTEMBER 2009, EKUITI NASIONAL Bhd or better known as Ekuinas has been prowling around for viable investment opportunities.
It got off to a good start in 2010 by delivering a gross portfolio gain of RM55.3 million, exceeding its targeted internal rate of return of 20%.
It also reported a maiden net profit of RM3.4 million.
During that year, it invested more than RM600 million in Alliance Cosmetics Group, Tanjung Offshore Bhd, Konsortium Logistik Bhd and APIIT College. These investments are …