Artroniq acquires precision engineering company for RM12 million
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19.07.2022
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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 inks agreement to acquire 60pc stake in FDSB for RM12mil
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18.07.2022
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The acquisition entails the acquisition of 156,000 ordinary shares in FDSB from Teoh Boon Thiam, which will be satisfied via RM6 million in cash and the balance via the issuance of new ordinary shares of the company. KUALA LUMPUR: Artroniq Bhd has entered into a conditional sale and purchase agreement to acquire a 60 per cent stake in precision engineering …
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Artroniq ventures into precision engineering to complement sole ICT service biz
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18.07.2022
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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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