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Tonerex Technologies Sdn Bhd &
Mexter Technology Bhd
Update Date: 12/05/08
Date Announced: 07/26/05
Value (million $USD): 0.7 million U.S. Dollar
2.7 million Malaysian Ringgit
Status: Completed
TRANSACTION DETAILS
Date Announced07/26/05
Date Originally Announced07/26/05
FormatAcq. Maj. Int.Acquisition techniquesNot Applicable
AttitudeNeutralAgencyMalaysia's Foreign Inv. Comm.; Unspecified Regulatory Auth.
Value0.7 million U.S. Dollar
2.7 million Malaysian Ringgit
Advisor Feesn/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
NameTonerex Technologies Sdn Bhd
IndustriesCommercial physical and biological research; Industrial machinery and equipment; Surgical and medical instruments and apparatus
CityPenang
Staten/a
NationMalaysia
Incorporated inn/a
Public StatusPrivate
Business DescriptionProvide test measurement system services such as test probes, jigs and fixture solutions, in-circuit tester, functional tester solutions as well as power products
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameMexter Technology Bhd (Mesdaq : MEXTER)
IndustriesPrepackaged Software; Computer related services,nec; Data processing services
CityKuala Lumpur
Staten/a
NationMalaysia
Incorporated inn/a
Public StatusPublic
Business DescriptionMexter Technology Bhd, headquartered in Kuala Lumpur, is an information technology services provider. Its activities include performing research and development, provision of E-manufacturing and manufacturing process management systems which consist of a combination of software programs and hardware systems. Operations are carried out in Malaysia, Southeast Asia, China and European Union. The company was founded in 1992.
AdvisorsNULL
Acquiror Salesn/a
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