Velocity Capital Partner Bhd (KL:VELOCITY) is selling an 85% stake in Cipta X Sdn Bhd, an information technology firm, to MMAG Holdings Bhd (KL:MMAG) for RM20 million in cash, according to filing with Bursa Malaysia.
The remaining 15% stake in Cipta X, formerly known as Solutions Sdn Bhd, is held by Lai Kwok Ching, who bought the stake from Green Packet Bhd (KL:GPACKET) on Jan 24 for RM3.5 million.
TheEdge27 Jun, 2024 23:52pm - 6 days