Mikro MSC Berhad completed the acquisition of up to 10% stake in Bio Eneco Sdn. Bhd. from Yeo Hock Cheong.
On March 6, 2023, Tranche 1 of the proposed acquisition amounting to MYR 9 million for 4% equity interest in Bio Eneco Sdn Bhd has been made. The acquisition is expected to be completed on December 30, 2023. The proposed acquisition is not expected to have any financial effect on MIKRO.
Mikro MSC Berhad (KLSE:MIKROMB) completed the acquisition of up to 10% stake in Bio Eneco Sdn. Bhd. (BESB) from Yeo Hock Cheong on June 23, 2023. Tranche 2 of the proposed acquisition amounting to MYR 13.5 million for 6% equity interest in Bio Eneco Sdn Bhd has been made to tYeo Hock Cheong on June 23, 2023 upon fulfillment of condition precedents as stipulated in the Share Sale Agreement.