Perbadanan Nasional Bhd (Pernas) is investing RM5 million in Bubbles O2 Sdn Bhdto help the company expand its market reach both locally and internationally.
The company is the producer and distributor of BubblesO2, Malaysia’s first naturally oxygenated mineral water.
In a statement today, Pernas said the investment would allow Bubble O2 to expand its domestic market as well as increase its international market reach to countries such as Brunei, Thailand, Indonesia, Dubai, Puerto Rico, the United States and Canada to meet rising demand for the product.
“The investment will also be utilised for the expansion of the company’s manufacturing facility as well as its operational expenditure and working capital,” it said.
It noted that Bubbles O2 has also introduced new packaging that uses premium glass bottles, and plans to produce flavoured vitaminised mineral water.
According to Pernas, Bubbles O2 recorded RM3.7 million in sales in 2022 and has already achieved its sales target of RM6.7 million set for this year.
“The investment from Pernas is expected to boost its sales by 50 per cent in 2024 and 2025,” it said.
Meanwhile, Pernas chairman Datuk Hazimah Zainuddin said since the introduction of its investment scheme in 1998, Pernas has invested in 85 companies, with investments totalling RM934 million.
She added that Pernas is allocating RM300 million for equity investments for the next five years (2024-2028).
“The investments will not be limited to franchise companies, in fact, Pernas identifies potential companies to be developed through investments, such as Bubbles O2.
“Through strategic investment activities, Pernas can help these companies to compete at a higher level,” she said.
