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25 October 2024

Our Partner, David Lee, supported by his Legal Associate, Chua Qian Ren from Zul Rafique & Partners' Corporate/Mergers and Acquisitions and Capital Markets practice groups, acted as legal counsel for the disposal of shares in Firmus, a leading cybersecurity company with a strong presence in the Malaysia and Singapore markets. The shares were sold to TechMatrix Corporation, a prominent Japanese listed company.


David and his team were instrumental in negotiating the terms of the Shares Sale and Purchase Agreement, providing strategic legal advice and insights, particularly in navigating the complexities of cross-border transactions. Their in-depth knowledge ensured a smooth and efficient process for all parties involved.

This successful disposal will establish a strategic collaboration between Firmus and TechMatrix, allowing both companies to further explore and capitalize on opportunities within the fast-growing cybersecurity sectors in Malaysia and in the rest of Asia.

Datuk Alan See, co-founder and CEO of FIRMUS, in a statement said that, “This acquisition represents more than just a signature – it’s a strategic leap for both organisations, unlocking new horizons for growth and invocation”

This deal was also featured in:
REUTERS, Here
MarketScreener, Here
TechMatrix Investor Relations Release, Here

For more insight into this area of law, please contact our Partners in the Corporate/Mergers & Acquisitions practice group:
Jerry Ong Kok Wah
Cathryn F L Chay
David Lee Lai Huat
Chin Lit Fwu


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