PETALING JAYA: CJ Century Logistics Holdings Bhd
’s (CJ Century) proposed merger with sister company CJ Korea Express Malaysia Sdn Bhd (CJKX) will be immediately earnings per share (EPS) accretive.
Managing director Steven Teow Choo Hing said once the merger goes through, the company which is currently loss-making will return to the black immediately.
“But that’s not my dream, I want to strengthen my EPS, our first target is to grow the newly-enlarged company’s revenue to RM1bil, ” he told StarBiz.
For context, analysts have projected the combined revenue of both CJ Century and CJKX to come in at about RM800mil for the full year of 2019.
...