Globetronics Technology Bhd (“GTB” or the “Group”), an established player in the Outsourced Semiconductor Assembly and Test (“OSAT”) and semiconductor industry, today announced that its wholly-owned subsidiary, Globetronics (KL) Sdn. Bhd. (“GKL”) has successfully acquired a significant stake in Mpire Global Berhad (“Mpire”) for a total cash consideration of RM45.05 million.
The investment involves acquiring approximately 30.85% of Mpire’s ordinary shares and a substantial holding of Mpire warrants, positioning GTB as a strategic associate in Mpire. This acquisition aligns with GTB’s long-term transformation strategy, offering promising prospects for value creation and sustainable earnings growth.
Mpire and its subsidiaries primarily operate in property construction and development, fleet management services which include the trading and leasing of motor vehicles, provision of integrated fleet management solutions, and related after-sales services and financing services, catering to both consumer and commercial segments.
The investment is expected to be earnings accretive for GTB, strengthening the Group’s financial performance over the medium and long term. Funded entirely from internally generated funds, the acquisition will not materially affect GTB’s capital structure or gearing position, ensuring continued financial stability.
The management of GTB said, “We view this acquisition in Mpire as a strategic opportunity that aligns perfectly with our commitment to sustained growth and diversification. By securing this substantial equity interest, we are well-positioned to participate actively in Mpire’s ongoing expansion and leverage potential synergies. We anticipate this collaboration will create long-term shareholder value, reinforcing our position in the industry.”
The acquisition was executed through both off-market and open market transactions, reflecting GTB’s strategic intent and proactive investment approach. There are no contingent liabilities or guarantees arising from this acquisition, reinforcing the prudent financial management principles upheld by the Group.
After comprehensive evaluation, the Group believes this investment is in the best interests of the Group and its stakeholders, providing both strategic benefits and long-term financial returns.
