Vstecs unlocks value in Isatec exit
KUALA LUMPUR: Vstecs Bhd’s disposal of its stake in Isatac Sdn Bhd could unlock value from a non-core, non-controlling investment at an attractive valuation while strengthening its liquidity position, BIMB Securities Sdn Bhd said.
KUALA LUMPUR: Isatec Sdn Bhd's acquisition by Singapore-based Skyform Pte Ltd for RM48.75 million has paved the way for Vstecs Bhd to unlock value from its minority, non-controlling investment at a premium valuation. According to BIMB Securities Sdn Bhd, the disposal of Vstecs' 40% stake in Isatec could net the company a RM22 million one-off gain after accounting for disposal expenses. This divestment will enhance Vstecs' financial flexibility and allow for capital redeployment in core business lines.
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- Vstecs exits Isatec in RM48.75mil deal nst.com.my
