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Edelteq to Buy 51% Stake in Nixma Technology for RM 15.3 Million

PUBT·10/26/2026 10:22:02
Edelteq to Buy 51% Stake in Nixma Technology for RM 15.3 Million
  • Edelteq will acquire a 51% stake in factory automation company Nixma Technology for MYR 15.3 million in cash.
  • The deal comprises MYR 4.5 million for existing shares and MYR 10.8 million for newly issued shares.
  • Vendors guarantee Nixma’s 2026 net profit of at least MYR 6 million, with any shortfall payable to Nixma.
  • Completion is expected in the fourth quarter of 2026. Funding will come from internal funds and/or bank borrowings.
  • The investment will expand factory automation capabilities. Subscription proceeds will fund factory construction, industrial land purchases or existing factory acquisitions.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Edelteq Holdings Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3718692) on October 26, 2026, and is solely responsible for the information contained therein.