PETALING JAYA: Velocity Capital Partner Bhd
(VCPB) is acquiring 150 million shares, or a 6.49% stake, in information and communications technology (ICT) firm MMAG Holdings Bhd from Chan Swee Ying for RM60mil.
In a filing with Bursa Malaysia, VCPB noted that the rollout of 5G is anticipated to drive demand for upgraded ICT products compatible with the new network standards.
