KUALA LUMPUR (July 22): ACE Market-listed Artroniq Bhd has proposed the full acquisition of Paklin Venture Capital Sdn Bhd for RM1.6 million in cash as it spots growth prospects of the lending market in Malaysia. Just a week ago, Artroniq Bhd had proposed to acquire a 60% stake in Penang-based Fujim Digital Sdn Bhd (FDSB) for RM12 million to diversify …
Continue ReadingBursa 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 …
Continue ReadingThe 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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