MULTIPLE PROPOSALS ARTRONIQ BERHAD ("ARTRONIQ" OR THE "COMPANY") (I) PROPOSED ACQUISITION; AND (II) PROPOSED DIVERSIFICATION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")
| ARTRONIQ BERHAD |
| Type | Announcement |
| Subject | MULTIPLE PROPOSALS |
| Description | ARTRONIQ BERHAD ("ARTRONIQ" OR THE "COMPANY")
(I) PROPOSED ACQUISITION; AND
(II) PROPOSED DIVERSIFICATION
(COLLECTIVELY REFERRED TO AS THE "PROPOSALS") |
|
On behalf of the Board of Directors of Artroniq, Malacca Securities Sdn Bhd (“Malacca Securities”) wishes to announce the following:
(i) Artroniq (as the Purchaser) had on 22 January 2026 entered into a conditional share sale agreement ("SSA") with Axe Holdings Sdn Bhd and Mohamed Faris Bin Che Lodin for an acquisition of 102,000 ordinary shares in Axe Innovation Sdn Bhd ("AISB"), representing 51.0% equity interest of AISB, for a total purchase consideration of RM5.1 million which shall be satisfied via issuance of 51,000,000 new ordinary shares in Artroniq ("Consideration Share") at an issue price of RM0.10 per Consideration Share (“Proposed Acquisition"), subject to the terms of the SSA; and
(ii) Artroniq proposes to diversify the principal activities of the Company and its subsidiaries to include provision of information communication and technology (ICT) solutions ("Proposed Diversification"). Further details in relation to the Proposals are set out in the attachment below.
This announcement is dated 22 January 2026. |
|
Please refer attachment below.
Announcement Info
| Company Name | ARTRONIQ BERHAD |
| Stock Name | ARTRONIQ |
| Date Announced | 22 Jan 2026 |
| Category | General Announcement for PLC |
| Reference Number | GA1-22012026-00075 |