Hextar Industries buys stake in solutions provider


KUALA LUMPUR: Hextar Industries Bhd has inked a deal with its major shareholder Hextar Holdings Sdn Bhd to acquire 70% equity interest in industrial solutions provider Hextar Mitai Sdn Bhd for RM4.55mil cash.

In a statement, Hextar Industries said the related-party transaction will give it immediate access to specialised engineering capabilities to complement its existing businesses while also leveraging the wider group’s client base to achieve greater synergies.

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