XMH eyes acquisitions, seeks growth in Vietnam

XMH Holdings is hoping to expand through acquisitions and grow its footprint in Vietnam.

The Singapore-listed provider of diesel engine, propulsion and power-generating solutions told The Business Times that it aimed to use its balance sheet to make acquisitions, which will generate positive cash flow and profits for the group.

"(Basically) acquisitions will add to our top and bottom lines," CEO and chairman Elvin Tan said in a recent interview.