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.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
