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.