Perabeam which commenced business as a subsidiary of UACN some fifty years ago was earlier known as Pan Electric Refrigeration and Air-conditioning whose cover business was marketing of assorted household office equipment.
In 2003 some private investors, who are majority shareholders, along with some employees of UACN bought the company and put in place a new management to reposition the company and put it on the path of sustainable growth and profitability. with a focus on airconditioning and allied business.
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