Smartpro Capital Sdn Bhd entered into a share sale agreement to acquire 52.25% stake in Systech Bhd (KLSE:SYSTECH) from Leinet Technology Sdn. Bhd. for MYR 39.8 million on September 6, 2023. As part of the agreement, Smartpro Capital will acquire 180 million shares which represent 52.25% stake in Systech at a price MYR 0.22 per Systech share. The total consideration will be satisfied in cash. Following the shares acquisition, Smartpro Capital shareholding in Systech increased from nil to 52.25%. Malacca Securities Sdn Bhd acted as financial advisor to Smartpro Capital.

Smartpro Capital Sdn Bhd completed the acquisition of 52.25% stake in Systech Bhd (KLSE:SYSTECH) from Leinet Technology Sdn. Bhd. on September 6, 2023.