Tonerex Technologies Sdn Bhd & Mexter Technology Bhd | Update Date: 08/28/08 |
| Date Announced: 07/26/05 |
Value (million $USD): 0.7 million U.S. Dollar 2.7 million Malaysian Ringgit |
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| Status: Completed | |
| TRANSACTION DETAILS |
| Date Announced | 07/26/05 | | |
| Date Originally Announced | 07/26/05 | | |
| Format | Acq. Maj. Int. | Acquisition techniques | Not Applicable |
| Attitude | Neutral | Agency | Malaysia's Foreign Inv. Comm.; Unspecified Regulatory Auth. |
| Value | 0.7 million U.S. Dollar 2.7 million Malaysian Ringgit | Advisor Fees | n/a |
| SYNOPSIS |
| MALAYSIA - Mexter Technology Bhd acquired a 60% interest, or 0.60 mil shares, in Tonerex Technologies Sdn Bhd, a test measurement system services provider, from Mr. Tan Kim Boon (24%), Mr. Tan Kin Kheng (22.8%), and Mr. Lo Mooi Lee (13.2%), for 2.7 mil Malaysian ringgit ($0.720 mil US) in cash. The transaction received due diligence review and was approved by the board of directors, Foreign Investment Committee and other relevant regulatory authorities. |
| TARGET |
| Name | Tonerex Technologies Sdn Bhd |
| Industries | Commercial physical and biological research; Industrial machinery and equipment; Surgical and medical instruments and apparatus |
| City | Penang |
| State | n/a |
| Nation | Malaysia |
| Incorporated in | n/a |
| Public Status | Private |
| Business Description | Provide test measurement system services such as test probes, jigs and fixture solutions, in-circuit tester, functional tester solutions as well as power products |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Mexter Technology Bhd (Mesdaq : MEXTER) |
| Industries | Computer programming services; Computer related services,nec; Offices of holding companies, nec |
| City | Kuala Lumpur |
| State | n/a |
| Nation | Malaysia |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Mexter Technology Bhd, headquartered in Malaysia, is a company that provides application management and support services for hosted enterprise software;investment holding |
| Advisors | NULL |
| Acquiror Sales | n/a |
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