Artroniq proposes 20% private placement to raise up to RM36.8m; diversification into electronic bicycles business

KUALA LUMPUR (Feb 7): Artroniq Bhd has proposed a private placement to issue up to 65.66 million new shares, equivalent to 20% of its current share base of 328.3 million shares. Prices of the placement shares will be priced at not more than 20% discount to Artroniq shares’ five-day volume weighted average market price, the group said in a stock …

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Artroniq clinches RM100m deal to assemble, finish Reevo e-bicycles

Artroniq chairman Datuk Seri Abdul Rahim Jaafar (left) briefing Tengku Zafrul on the features of the e-bicycle. KUALA LUMPUR: Artroniq Bhd’s subsidiary Artroniq iTech Sdn Bhd has been awarded a RM100 million, two-year contract by American company Beno Inc for the assembly and finishing of the Reevo series of electric bicycles – marking its entry into the electric vehicle (EV) industry. …

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Artroniq to assemble US-based Beno e-bikes in Malaysia

The companies today signed a memorandum of agreement (MOA) to assemble Beno’s Reevo series of electric bicycle products in Malaysia. KUALA LUMPUR: Artroniq Bhd is venturing into the electric vehicle (EV) industry together with US-based Beno Inc. The companies today signed a memorandum of agreement (MOA) to assemble Beno’s Reevo series of electric bicycle products in Malaysia. “Artroniq will cooperate …

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