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Halim Hong & Quek advises Mestron Holdings Berhad on its minority acquisition of Winstar Aluminium Manufacturing Sdn Bhd

We have advised Mestron Holdings Berhad, a public company listed on the ACE Market of Bursa Malaysia, on its minority acquisition of 10% equity interest in Winstar Aluminium Manufacturing Sdn Bhd for a total cash consideration of RM6 million, with an option to purchase further20% of the total issued share capital of Winstar Aluminium Manufacturing Sdn Bhd for total cash consideration of RM12 million.

This synergistic acquisition aims to increase the group’s range of value-added services to its existing and prospective customers as well as being a direct source for its required aluminium parts for its solar panel business.

Our team was led by our Corporate Partner, Ms Lim Yoke Wah, with the support from our Legal Associate, Adrian Koh.

Read more: Mestron Holdings inks share sale deal with Winstar Aluminium to acquire 10 pc stake at RM6mil

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