20 Microns Limited has provided an update on its acquisition of two key companies in Malaysia, Goh Teik Lim Quarry SDN BHD and IQ Marbles SDN BHD. These acquisitions are being carried out through the company’s Malaysian subsidiary, 20 Microns SDN BHD.
Following the Share Purchase Agreement (SPA) executed in July 2024, 20 Microns SDN BHD has now entered into definitive agreements for the acquisition of 90% equity shares and corresponding voting rights in Goh Teik Lim Quarry SDN BHD, and 86.68% equity shares with voting rights in IQ Marbles SDN BHD.
The agreements were signed by all selling shareholders and the authorized representative of 20 Microns SDN BHD in Malaysia. The next steps involve the transfer of equity shares and the payment of the agreed consideration to the sellers.
These acquisitions are expected to strengthen 20 Microns’ position in the Malaysian market, with an enhanced presence in the quarrying and marble industries, expanding the company’s product and market offerings.
