Cape EMS to acquire US-based iConn Inc for approximately RM76.6mil

KUALA LUMPUR: Cape EMS Bhd is acquiring 50,072 common stock in the United States (US)-based company iConn Inc, representing all the issued capital stock worth approximately RM76.6 million.

The company has entered into a conditional stock purchase agreement with several parties, namely Hidirlar Family Trust trustees, Rabia Hidirlar Investment Trust trustee, Turker Hidirlar and Low Kim Teck Henry for the proposed acquisition.