13 September 2021

Please click HERE for the Mandarin version of the deal update.

David Lee from our Corporate Finance/Mergers & Acquisitions Practice Group advised CabNet Holdings Berhad (CHB) in its acquisition of the entire equity stake in CEE M&E Engineering Sdn Bhd, from all three shareholders for an agreed consideration of RM16.29 million. This acquisition will allow CHB to extend its business suite of electrical engineering services and venture into the provision of mechanical engineering services. This transaction necessitated approval from shareholders of CHB in a meeting of shareholders, which David Lee and team also advised in the preparation and circulation of Circular to Shareholders. Approval from shareholders of CHB was obtained at the end of July 2021 whilst completion of CHB’s acquisition took place on 9 September 2021.

The acquisition was also featured in THE EDGE on 12 May 2021, HERE

Please click HERE for the Bursa Malaysia Announcement.

For more insight into this area of law, please contact our Partners in the Corporate/Mergers & Acquisitions Practice Group:
Jerry Ong Kok Wah
Cathryn Chay
David LH Lee

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