SRT-EON completes 40% stake acquisition from EON valued at RM16mil

KUALA LUMPUR: SRT-EON Security Services Sdn Bhd has completed the 40% stake of the company held by Edaran Otomobil Nasional Bhd (EON) valued at RM16mil.

In a statement, SRT-EON said following the acquisition, SRT-EON managing director Rafiq Rahmat and his siblings' now own 100% in the company.

It added that the acquisition would enable him to streamline the company to greater heights.

In terms of partnerships and collaborations, SRT-EON said it was in talks with new partners and continued to seek new collaborations.

The company is exploring opportunities especially in the digital era with the use of technology including secure Covid-19 vaccine secured delivery, drones, SMART cash-in-transit, SMART cash management, surveillance/tracking system, artificial Intelligence and on-demand automated teller machines (ATM).

“We will continue changing the way we lead and leading the way we change by delivering quality services in not just the security industry but in everything we do, which has been our goal since we first started. It is still our top priority today,” it said.

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