TA Research said the acquisition aligns with Ann Joo’s strategy to streamline operations and enhance decision-making processes.
PETALING JAYA: Analysts are positive on the recent developments from Ann Joo Resources Bhd
(Ann Joo) which says it has acquired the remaining 67,500 shares for Konsortia Etiqa Sdn Bhd (KESB) from Datuk Ong Tee Thong.
The share purchase agreement for RM96mil will give Ann Joo full ownership of the KESB, which is primarily involved in the manufacturing of hard-drawn wire, galvanised steel wire, and other wire products.
