PETALING JAYA: MI Technovation Bhd (Mi Tech) has signed a memorandum of understanding (MoU) with Accurus Scientific Co Ltd to acquire a 73.14% stake in the Taiwanese manufacturer.
In a filing with Bursa Malaysia, Mi Tech said the proposed acquisition would provide an opportunity for the parties to establish probable business integration for wider product portfolio within the same distribution channel and value chain in anticipation of leveraging the combined strengths of the company with Accurus.
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