Techna-X Bhd, formerly known as Sino Hua-An International Bhd, climbed 0.5 sen or 6.25% to 8.5 sen on Tuesday (Dec 28) morning after proposing a reverse takeover of its 50%-owned HK Aerospace Beidou New Energy Technology Co Ltd (HKAB) via Singapore-listed F&B group Chaswood Resources Holdings Ltd.
KUALA LUMPUR: Techna-X Bhd has signed a sale and purchase agreement with SGX-listed Chaswood Resources Holdings Ltd (CRHL) to inject 100 per cent of its energy storage business - HK Aerospace Beidou New Energy Technology Co Ltd (HKAB) - into CRHL for S$678.57 million (S$1=RM3.08).
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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.
KUALA LUMPUR (Dec 22): The FBM KLCI ended almost 1% lower today on continued profit taking, as sentiment remained jittery on concern over the resurgence of Covid-19 cases.
The benchmark index stayed in negative territory throughout the trading session. It closed 0.97% or 15.97 points down at 1,631.92 after hitting an intra-day low of 1,625.39.
TA Securities Holdings Bhd senior technical analyst Stephen Soo told theedgemarkets.com that worries over a new strain of Covid-19 in Europe affected market sentiment.
He added that the downtrend was also due to profit taking in recovery play on technology, banking and tourism-related stocks.
On the broader market, 1,046 counters finished lower versus 251 gainers, while 395 others were unchanged.