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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 0
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Lustre Industries , Aimflex , stake , buys ,

   

Next In Business News

Oil prices settle lower on stronger supply outlook
US interest rate outlook
FM Global eyeing more overseas expansion
Cash-rich companies on Bursa
Debt not a drawback as it is an efficient tool for finance, investment
LYC plans to list unit in Singapore
AAX passengers soar on border reopening
A RM1.5 trillion debt hangover
UNIVERSITY OF GLOUCESTERSHIRE PARTNERS WITH PENINSULA COLLEGE
A breath of fresh air

Others Also Read