Far East Group seeks M&A deals

REFRIGERATION and cooling systems provider Far East Group has plans to expand its business in China and South east-Asia and is looking out for merger and acquisition opportunities, according to chief executive officer Steven Loh.

Far East Group manufactures and distributes heating, ventilation, air-conditioning and refrigeration products for various sectors including the retail, food processing and pharmaceuticals industries. China's increasing urban affluence has raised demand for cooling solutions in homes, offices and logistics. Mr Loh said the market is very large and offers high potential for…