Edelteq proposes to acquire remaining 30% stake in EVSB for RM132.5mil


KUALA LUMPUR: Edelteq Holdings Bhd has proposed to acquire the remaining 30% equity interest in Edelteq Ventures Sdn Bhd (EVSB), a subsidiary of the company, from Hana Microelectronics Public Company Limited for RM132.5mil cash.

In a filing with Bursa Malaysia, Edelteq said upon completion of the proposed acquisition, EVSB will become a wholly-owned subsidiary company of Edelteq.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

LSH Capital wins Kuantan road contract
Potential for nuclear to fill coal power gap
Despite hike, jet fuel prices still competitive
AI,�eCommerce�tailwinds to buoy logistics sector
Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
Bus Cap secures Bursa Malaysia nod for ACE Market listing
MM Computer moves forward with IPO
Malaysia prepares�carbon pricing rollout
AEON Credit sets modest FY27 targets amid geopolitical risks

Others Also Read