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Artroniq acquires precision engineering company for RM12 million

Bursa Malaysia ACE Market listed Artroniq Berhad (“Artroniq” or “Company” or “Group”) has entered into a conditional sale and purchase agreement (“CSPA”) to acquire 60% equity interest in precision engineering company – Fujim Digital Sdn Bhd (“FDSB”) for RM12 million (“Proposed Acquisition”).  The Proposed Acquisition comes with a profit guarantee of not less than RM2.1 million for each period of 1 May 2022 to 30 April 2023 and …

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Artroniq ventures into precision engineering to complement sole ICT service biz

ACE Market listed Artroniq Bhd (formerly Plastrade Technology Bhd) is making a foray into the precision engineering field – a diversification at the right timing given the company is currently relying on its single business as a service provider in the information communications technology (ICT) realm.   The cutting-edge ICT outfit had on Friday (July 15) inked a conditional sale …

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