Notice Regarding Acquisition of Shares (Subsidiarization) of Penguin Engineering & Construction Pte. Ltd.
Daisan Co., Ltd. has decided to acquire all shares of Singapore-based Penguin Engineering & Construction Pte. Ltd. to strengthen its overseas engineering business and create group-wide synergies.
📋 Article Processing Timeline
- 📰 Published: April 27, 2026 at 23:11
- 🔍 Collected: April 27, 2026 at 14:31
- 🤖 AI Analyzed: April 28, 2026 at 01:41 (11h 9m after Collected)
Daisan Co., Ltd. (Headquarters: Chuo-ku, Osaka; President & CEO: Taketoshi Fujita; hereinafter "the Company") announced that on April 21, 2026, it resolved to acquire all shares of Penguin Engineering & Construction Pte. Ltd. (Headquarters: Singapore; CEO: Eng Swee Yeng; hereinafter "Penguin") and make it a subsidiary through a written resolution in lieu of a board of directors meeting. The share transfer agreement was signed on the same date.
### Purpose of the Acquisition
The Company announced its mid-term management plan "Reborn" (FY2025-FY2029) in July 2024. To embody the purpose of "Protecting People and Sites," the Company set three priority strategies. One of them, "Deepening Core Business Domains," aims to realize high value-added overseas business in Singapore through M&A, specifically targeting the engineering business which requires higher technical capabilities.
Penguin is a specialized engineering firm in Singapore engaged in projects such as piping installation for major petrochemical plants. It has a solid customer base, having worked with global oil majors for many years. Penguin shares high affinity with the engineering departments currently being strengthened at the Company's subsidiaries, Mirador Building Contractor Pte. Ltd. and Golden Light House Engineering Pte. Ltd. By welcoming Penguin into the group, the Company believes it can achieve synergies that further enhance the corporate value of both parties.
### Overview of Penguin
- **Name**: Penguin Engineering & Construction Pte. Ltd.
- **Location**: Block 153, Bukit Batok Street 11 #03-294, Singapore 650153
- **Representative**: Eng Swee Yeng, Chief Executive Officer
- **Business**: Engineering business (project work including piping, welding, mechanical, etc.)
- **Capital**: 200,000 Singapore Dollars [approx. 24,992 thousand Yen]
- **Established**: September 12, 1980
### Future Outlook
There is no impact on the Company's consolidated results for the fiscal year ending April 2026. Regarding the earnings forecast for the fiscal year ending April 2027, it will be disclosed in the financial results summary for the fiscal year ending April 2026, scheduled for release in June 2026, after considering the impact of this acquisition.
Penguin will join as a member of the Company group's overseas business segment and work to strengthen the foundation of overseas operations alongside existing subsidiaries Mirador Building Contractor Pte. Ltd. and Golden Light House Engineering Pte. Ltd. Through this grouping, the Daisan Group will further enhance its capabilities in the engineering field in Singapore and strive to improve the corporate value of the entire group through close cooperation leveraging each company's strengths.
### Purpose of the Acquisition
The Company announced its mid-term management plan "Reborn" (FY2025-FY2029) in July 2024. To embody the purpose of "Protecting People and Sites," the Company set three priority strategies. One of them, "Deepening Core Business Domains," aims to realize high value-added overseas business in Singapore through M&A, specifically targeting the engineering business which requires higher technical capabilities.
Penguin is a specialized engineering firm in Singapore engaged in projects such as piping installation for major petrochemical plants. It has a solid customer base, having worked with global oil majors for many years. Penguin shares high affinity with the engineering departments currently being strengthened at the Company's subsidiaries, Mirador Building Contractor Pte. Ltd. and Golden Light House Engineering Pte. Ltd. By welcoming Penguin into the group, the Company believes it can achieve synergies that further enhance the corporate value of both parties.
### Overview of Penguin
- **Name**: Penguin Engineering & Construction Pte. Ltd.
- **Location**: Block 153, Bukit Batok Street 11 #03-294, Singapore 650153
- **Representative**: Eng Swee Yeng, Chief Executive Officer
- **Business**: Engineering business (project work including piping, welding, mechanical, etc.)
- **Capital**: 200,000 Singapore Dollars [approx. 24,992 thousand Yen]
- **Established**: September 12, 1980
### Future Outlook
There is no impact on the Company's consolidated results for the fiscal year ending April 2026. Regarding the earnings forecast for the fiscal year ending April 2027, it will be disclosed in the financial results summary for the fiscal year ending April 2026, scheduled for release in June 2026, after considering the impact of this acquisition.
Penguin will join as a member of the Company group's overseas business segment and work to strengthen the foundation of overseas operations alongside existing subsidiaries Mirador Building Contractor Pte. Ltd. and Golden Light House Engineering Pte. Ltd. Through this grouping, the Daisan Group will further enhance its capabilities in the engineering field in Singapore and strive to improve the corporate value of the entire group through close cooperation leveraging each company's strengths.