Austin Legacy Education Sdn. Bhd. entered into an agreement to acquire Asiamet (M) Sdn. Bhd. from Cyberjaya Education Group Berhad (KLSE:MINDA) for MYR 15 million on July 21, 2023. The net proceeds arising from the disposal are expected to be utilised for the working capital and/or for investment. The transaction is expected to close in Q1 2024, and is subject to regulatory approval of the Ministry of Higher Education of Malaysia.
Austin Legacy Education Sdn. Bhd. cancelled the acquisition of Asiamet (M) Sdn. Bhd. from Cyberjaya Education Group Berhad (KLSE:MINDA) on April 22, 2024.