Resintech Berhad (KLSE:RESINTC) agreed to acquire Forward Metal Works Sdn. Bhd. from Fornix Sdn.

Bhd. for MYR 5.4 million on April 1, 2024. The consideration consists of MYR 0.1078 million being 2% deposit of the Purchase Price paid on February 9, 2024.

MYR 0.4312 million being 8% deposit of the Purchase Price paid on March 11, 2024. The balance of MYR 4.851 million being 90% of the Purchase Price shall be fully paid to Fornix within 30 days from the agreement date. The proposed acquisition is expected to be completed on August 31, 2024.