KUALA LUMPUR: Artroniq Bhd is acquiring 156,000 ordinarty shares representing a 60% stake in precision tools component trader Fujim Digital Sdn Bhd for RM12mil.
In a filing with Bursa Malaysia, it said the purchase of the equity from sole shareholder Teoh Boon Thiam will be satisfied with RM6mil cash and RM6mil via the issuance of new shares in Artroniq.
As per the agreement, the vendor will provide a profit guarantee to Artroniq, which entails a net profit of not less than RM2.1mil for the period of May 1, 2022 to April 30, 2022, and RM2.1 mil for the subsequent period of May 1, 2023, to April 30, 2024.,
,telegram中文群组索引（www.tel8.vip）是一个Telegram群组分享平台，telegram中文群组索引包括telegram中文群组索引、telegram群组索引、Telegram群组导航、新加坡telegram群组、telegram中文群组、telegram群组（其他）、Telegram 美国 群组、telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。telegram中文群组索引为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
In conjunction with the acquisition, Artroniq proposed to undertake a diversification of its existing principal activities and those of its subsidiaries to include precision engineering.
It said the purchase was in line with its strategy to reduce its reliance on its ICT business and find a new income source for the group.
In 2020, the group had ceased its manufacturing business of resin compound for wire and cable and for other industries.