RedPlanet Berhad (KLSE:RPLANET) agreed to acquire a 51% stake in Azti Technology Sdn. Bhd. from Lian Wah Seng and Low Ting Ting for MYR 7.65 million on September 7, 2023. Transaction is subject to approval from acquirer shareholders and approval from regulatory board. Sierac Corporate Advisers Sdn Bhd served as Financial advisor and Fairness opinion provider to RedPlanet Berhad (KLSE:RPLANET) on this transaction. STRATEGIC CAPITAL ADVISORY SDN. BHD acted as independent advisor in the transaction.
RedPlanet Berhad (KLSE:RPLANET) completed the acquisition of 51% stake in Azti Technology Sdn. Bhd. from Lian Wah Seng and Low Ting Ting on December 12, 2023.