Esys Holdings agrees to acquire Wonder Energy for RM 1,000
Bitget2026/10/29 10:23- Esys Holdings agreed on October 29, 2026, to acquire 100% of Wonder Energy for RM 1,000 in cash.
- The sellers are Edward Sow Yuen Seng, the buyer's managing director and major shareholder, and Teng Chee Kian.
- The acquisition will expand the group's activities into the petrol station business, providing a potential additional revenue stream.
- Internally generated funds will finance the purchase, with completion expected in the fourth quarter of 2026.
- Wonder Energy recorded a net loss of RM 3,568 for 2025, with net liabilities of RM 8,892.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bank of Japan minutes turn hawkish: Most members believe a rate hike is needed soon, with a 70% probability of a hike in December
Minutes from the Bank of Japan show that several members believe a rate hike is needed in the near term, with a roughly 70% probability of an increase in December. Core inflation has met the target for the first time in 30 years, and the current policy rate stands at 1.25%.
Former Chainlink Product Marketing Director Michael Robinson joins Monad Foundation
The Federal Reserve Eyes $1.8 Trillion in “Shadow Credit”: Dallas and New York Fed Launch First Private Credit Survey
The Dallas and New York Federal Reserves have launched an investigation into private credit lending standards, covering an industry worth 1.8 trillions USD, with a minimum threshold of 50 millions USD. The results will be released in the first quarter of 2027.
Tom Lee Says a VIX Signal Points to a Stock Market Bottom
Crypto prices
More
