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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Artroniq proposes diversification into precision engineering business

KUALA LUMPUR (July 15): Point-of-sales solutions provider Artroniq Bhd, formerly known as Plastrade Technology Bhd, has proposed to diversify its business to include precision engineering and machinery parts manufacturing by acquiring a 60% stake in Penang-based Fujim Digital Sdn Bhd (FDSB) for RM12 million from the latter’s sole shareholder Teoh Boon Thiam. In a filing with Bursa Malaysia, the group, which …

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Artroniq to diversify business via acquisition in precision tools trader

KUALA LUMPUR: Artroniq Bhd is acquiring 156,000 ordinarty shares representing a 60% stake in precision tools component trader Fujim Digital Sdn Bhd for RM12mil. In a filing with Bursa Malaysia, it said the purchase of the equity from sole shareholder Teoh Boon Thiam will be satisfied with RM6mil cash and RM6mil via the issuance of new shares in Artroniq.   As per …

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