Luster buys 8% stake in Aimflex

One of the electronic components made by Luster Industries. - Filepic

KUALA LUMPUR: Luster Industries Bhd has acquired an 8.169% stake in ACE Market-listed Aimflex Bhd for a total consideration of RM22mil as it seeks to leverage synergies between the two companies.

In a filing with Bursa Malaysia, Luster said entered into a deal with Aimflex executive chairman Datuk Awang Daud Awang Putera for the acquisition of 100,000,000 Aimflex shares at 22 sen apiece.

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