Zetrix, IPVG extend RM130mil MyEG Ventures deal deadline
Zetrix AI Bhd and IPVG Employees Inc have extended the deadline by three months to complete the acquisition of a 50 per cent stake in Philippines-based MyEG Ventures Inc. The RM130 million deal, which marks the company's second attempt to acquire the stake, allows more time to fulfil the conditions precedent under the agreement. If completed, Zetrix AI's effective interest in MYEG Philippines will rise to 74.5 per cent from 49 per cent, allowing it to consolidate the business as a subsidiary.
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