KUALA LUMPUR: Tenaga Nasional Bhd has completed the acquisition of the entire stake in Setia Haruman Sdn Bhd’s wholly owned subsidiary, Setia Haruman
Technology Sdn Bhd (SHTech) for RM28mil.
In a filing with Bursa Malaysia, the proposed acquisition was completed today in accordance with the terms and conditions of the conditional sale and purchase agreement.
In a separate statement, TNB said the acquisition was funded through its internally generated funds.
“With the completion of the acquisition, SHTech will become a wholly-owned subsidiary of TNB and thereafter will continue to carry out the existing business of SHTech as an information technology related services provider,” TNB said.