SWS executive chairman Tan Sri Tan Khoon Hai said the purchase was aimed at diversifying the company’s business from manufacturing plastics and furniture to drone services,particularly in agriculture.
KUALA LUMPUR: SWS Capital Bhd
has exercised its option to purchase a 51% stake in drone and robotics technology firm MATA Aerotech Sdn Bhd for RM4.73mil.
This followed its options agreement in July with local information technology company Nexus Union Sdn Bhd to purchase 3.44 million shares (or a 51% stake) in its 70%-owned subsidiary MATA Aerotech,a joint-venture company formed with Taiwan-listed Geosat Aerospace and Technology Inc.
Already a subscriber? Log in.
Save 30% for ads-free and full access now!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
