Hextar Industries to acquire industrial solutions unit from parent

KUALA LUMPUR: Hextar Industries Bhd has inked a deal with its major shareholder Hextar Holdings Sdn Bhd to acquire 70% equity interest in industrial solutions provider Hextar Mitai Sdn Bhd for RM4.55mil cash.

In a statement, Hextar Industries said the related party transaction will give it immediate access to specialised engineering capabilities to complement its existing businesses while also leveraging the wider group's client base to achieve greater synergies.