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Pecca expects to conclude an M&A deal in first quarter of 2021


KUALA LUMPUR (Dec 18): Car leather upholstery maker Pecca Group Bhd, which is actively looking for merger and acquisition (M&A) opportunities, expects to conclude a deal in the first quarter of 2021.
“We are actively looking for a couple of M&A that were put on hold due to the movement control order (MCO). We have initiated discussions and we are looking at some time in the first half of 2021 to conclude the project we are looking at,” the group's chief financial officer Foo Ken Nee told a briefing after its annual general meeting.
According to Foo, the deal is related to its core business, which involves automotive leather upholstery components.

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