KUALA LUMPUR (Feb 8): Techna-X Bhd (formerly known as Sino Hua-An International Bhd) is acquiring a 25% stake in telco-media company MBits Digital Sdn Bhd for RM12.5 million in a bid to expand its digital transformation solutions offerings.
In a statement, the company said it had entered into a share purchase agreement with MBits founder and chief executive officer Saraleena Nattaya Azmi for the acquisition of 10 million shares, representing a 25% equity stake in MBits.
Techna-X said it intends to leverage MBits’ licenses, product, and service offerings to improve its efficiencies.
MBits is an Internet Protocol TV station operator and a digital platform content creator. The company is the only company holding a full broadcasting licence as well as licences for the full telco spectrum in Malaysia, according to Techna-X.