Mergers & Acquisitions news in Malaysia
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M&A Equity Holdings clarifies media reports on Next Lion and Zetrix AI
M&A Equity Holdings Berhad has issued a clarification on media reports concerning Next Lion Holdings Limited and Zetrix AI Berhad. The announcement was filed with Bursa Malaysia on 14 September 2026 as a general announcement for a listed company.
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Hii Capital launches mandatory take-over offer for ASTEEL at 7.5 sen a share
Hii Capital Holdings has issued an unconditional mandatory take-over offer for all remaining shares of ASTEEL Group Berhad at RM0.075 per share in cash. The offer document was despatched on 14 September 2026 and the acceptance period runs until 5 October 2026. The offeror is acting with Datuk Clifford Hii Toh Leong and persons acting in concert.
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Hii Capital holds 52.94% of ASteel, offers 7.5 sen per share
Hii Capital Holdings Sdn Bhd has launched an unconditional mandatory takeover offer for the remaining shares in ASteel Group Bhd at 7.5 sen per share after acquiring a 52.94% controlling stake. Shareholders have until 5 October 2026 to accept the offer.
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Mikro MSC to acquire Broadguard for RM30m via share issuance
Mikro MSC Bhd has proposed to acquire 100% of Broadguard Sdn Bhd for RM30 million, to be paid entirely through the issuance of 51.72 million new Mikro shares at 58 sen each. An independent valuation by Asia Equity Research placed Broadguard's fair equity value at RM27.67 million to RM30.80 million, with the agreed price implying a P/E multiple of 13.97 times. The acquisition would make Broadguard a wholly owned subsidiary of Mikro.
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Ann Joo Resources to dispose of entire stake in Ann Joo Steel
Ann Joo Resources Berhad announced the disposal of its 100% equity interest in wholly-owned subsidiary Ann Joo Steel Berhad, comprising 612,993,535 ordinary shares, to Green Esteel Pte Ltd for cash. The transaction was announced to Bursa Malaysia on 14 September 2026 as a non-related party transaction under Chapter 10 of the listing requirements.
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Nvidia in talks to anchor Anthropic IPO of up to US$100b
Anthropic is in talks with Nvidia to bring the chipmaker in as an anchor investor for an initial public offering that could raise as much as US$100 billion and value the AI startup at around US$2 trillion. Nvidia is considering putting in up to US$10 billion, according to people familiar with the discussions, which remain under way and could change. The listing is expected to complete before the US midterm elections in November.
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Batu Kawan and TMK Chemical extend exclusivity for CCM takeover talks to Sept 19
Batu Kawan Bhd and TMK Chemical Bhd have agreed to extend the exclusivity period for negotiating TMK's proposed RM920 million acquisition of Chemical Company of Malaysia Bhd (CCM) until Sept 19. The deal, first announced in June, would see Batu Kawan become TMK Chemical's second largest shareholder with at least a 20% stake. The transaction is a related party deal as TMK Chemical is controlled by Datuk Lee Soon Hian, the younger brother of Batu Kawan chairman Tan Sri Lee Oi Hian.
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Prudent Aire files draft prospectus for ACE Market listing
Prudent Aire Holdings Bhd, an HVAC engineering solutions provider based in Seri Kembangan, has filed a draft prospectus with Bursa Malaysia for an ACE Market IPO. The listing involves a public issue of 103.5 million new shares and an offer for sale of 18 million existing shares, with proceeds earmarked for a new manufacturing facility in Nilai, Negeri Sembilan, machinery, and working capital. The company reported a net profit of RM8.2 million for FY2025.
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Hextar Industries' RM177.48mil Woodpeckers stake buy lapses
Hextar Industries Bhd's plan to buy a 51% stake in Woodpeckers Group Sdn Bhd for RM177.48 million in cash will not go ahead. The conditional share purchase agreement signed on Feb 12, 2026 lapsed on Sept 11, 2026 after conditions precedent were not met in time. The deal was first announced in February with updates in June.
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Seng Fong completes 51% stake buy in Ghana rubber buying centre
Seng Fong Holdings Bhd has completed the acquisition of a 51% stake in Ghana-based Rainbow Rubber Buying Center Ltd for GHS280,500 (about RM100,500) in cash. RRBC runs a rubber processing facility in Ghana, marking Seng Fong's entry into Africa outside Southeast Asia. The group expects the move to lift output by about 40,000 tonnes in the first year.
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Maybank completes buyout of remaining 30.95% stake in Maybank Ageas
Maybank has completed the acquisition of the remaining 30.95 per cent stake in Maybank Ageas Holdings Bhd, giving it full ownership of the holding company for its Etiqa insurance and takaful business in Malaysia and Singapore. Group CEO Datuk Seri Khairussaleh Ramli said the move strengthens Etiqa's position as a national insurance and takaful champion and supports Maybank's ROAR30 strategy.
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Bedi Berhad proposes RM38.87mil acquisitions of Sejati Sentral Sandakan and FYT Land KK
Bedi Berhad has issued a circular to shareholders covering proposed acquisitions of 100% equity in Sejati Sentral (Sandakan) Sdn Bhd for about RM17.00 million and FYT Land (KK) Sdn Bhd for about RM21.87 million, both from Bedi Development Sdn Bhd. The circular also includes an independent advice letter from Mainstreet Advisers and proposed new and conditional shareholders' mandates for recurrent related party transactions. The announcement was made on 11 September 2026.
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Hextar Retail shareholders get independent advice on RM0.43 takeover offer
Hextar Retail Berhad has issued an independent advice circular to holders of its offer shares over a conditional mandatory takeover offer by Hextar Portfolio Sdn Bhd. The offeror, acting with ultimate offeror Dato' Ong Choo Meng through RHB Investment Bank Berhad, is seeking all remaining ordinary shares at RM0.43 cash each. The document was announced on 11 September 2026.
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Grab in talks to buy majority stake in Atome Financial
Grab Holdings is in talks to acquire a majority stake in Singapore-based buy-now-pay-later platform Atome Financial, in a deal that could value the Advance Intelligence Group unit at over US$2 billion. Deliberations are ongoing and no final decision has been made, with all parties declining to comment.
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Saudi PIF weighs merging EA with Savvy Games, Bloomberg reports
Saudi Arabia's Public Investment Fund is considering combining Electronic Arts with its Savvy Games unit, Bloomberg News reported, citing people familiar with the matter. The deal would fold EA franchises such as EA Sports FC, Battlefield and The Sims together with Savvy's mobile titles, and is unlikely before Savvy completes its US$6 billion purchase of Moonton. No decision has been reached and the companies declined to comment.
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JD.com's EU concessions for Ceconomy takeover draw rival criticism
JD.com's proposed remedies for its $2.5 billion acquisition of German retailer Ceconomy have met with negative feedback from competitors, sources said. The European Commission will decide on the deal by October 23 under foreign subsidy rules.
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Bending Spoons to acquire Miro for $1.36 billion in cash
Bending Spoons has agreed to buy digital collaboration platform Miro in an all-cash deal valuing the company at $1.36 billion, with the transaction expected to close in the fourth quarter of 2026. The deal implies an equity value of about $1.79 billion including Miro's net cash, and some Miro shareholders will reinvest $295 million into Bending Spoons equity.
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Blackstone takes majority stake in South Korean logistics park
Blackstone has acquired a majority interest in Sanha Logistics Park II, a dry storage logistics development in South Korea, through a primary share issuance. Singapore-based ESR will stay on as an investor and continue as development and asset manager via its South Korean platform, ESR Kendall Square. The 334,000 sq m park is under construction along the Gyeongbu Expressway and is expected to be completed in 2028 at a total development cost of about 600 billion Korean won (US$448.30 million).
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Lianson Fleet completes RM213.2m purchase of two Ultramax bulk carriers
Lianson Fleet Group Bhd has completed the acquisition of two Ultramax-class bulk carriers, MV Tian Mu Shan and MV Yan Dang Shan, on Sept 3. The deal was valued at US$52.32 million (RM213.2 million) in cash, funded through internal funds and bank borrowings. Lianson's share price rose one sen to RM1.60 at the Thursday noon break.
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Whitmore buys 1.06 million more MKH shares at RM1.99 under takeover offer
Whitmore Holdings bought another 1.06 million MKH Bhd shares at RM1.99 each on Sept 9, one sen below its RM2 cash offer. The purchases over three trading days total 2.64 million shares worth about RM5.26 million. MKH's independent adviser Kenanga rated the RM2 offer not fair but reasonable and urged shareholders to accept.
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Whitmore keeps buying MKH, MKHOP shares below offer prices
Whitmore Holdings Sdn Bhd, a wholly owned subsidiary of Batu Kawan Bhd, continued buying shares in MKH Bhd and MKH Oil Palm (East Kalimantan) Bhd at prices below its mandatory takeover offers. Over two trading days it acquired 1.58 million MKH shares and 689,400 MKHOP shares. MKHOP's independent adviser rejected the 66.26-sen offer, while MKH's adviser told shareholders to accept the RM2 offer.
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SIA to seek stronger governance, board influence before new Air India funding
Singapore Airlines is expected to demand greater influence over management and stronger governance rights before approving a capital injection into Air India. The conditions, to be negotiated with majority owner Tata Sons, could include greater board voting power and requirements for the Indian carrier to narrow its losses. The airline's board said it would carefully evaluate any request for additional capital.
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MKH Oil Palm files dealings disclosure for mandatory take-over offer
MKH Oil Palm (East Kalimantan) Berhad has filed a disclosure of dealings under its unconditional mandatory take-over offer, as required by Paragraph 19.05 of the Malaysian take-over rules. The announcement was made on 8 September 2026.