The founders of Macro Kiosk Bhd, a multi-country mobile technology enabler, have initiated a management buyout (MBO) of the latter from Goldis Bhd.
In a statement today, Macro Kiosk said the MBO by Malaysian brothers, Kenny Goh, Henry Goh and Goh Chee Seng will be carried out via their corporate vehicle, Trigoh Sdn Bhd.
They are the Chief Executive Officer, Chief Operating Officer and Head of Corporate Affairs of Macro Kiosk, respectively.
"The MBO encompasses the purchase of the 70 per cent stake in Macro Kiosk currently held by Goldis for RM15 million cash.
"Goldis reported that the proposed disposal was a timely opportunity for it to realise and unlock the value of its original investment in Macro Kiosk.
"It will result in an estimated gain of about RM9.5 million derived from the buyout proceeds at the Goldis' Group level," the statement added.
Goh said the acquisition gives the company more control and allows it to be more nimble and flexible in pursuing new opportunities, whilst ensuring that all customers still continue to have the best experience in both services and support.
"We believe we have a successful formula as we are present in 13
countries and our next market will be the United Arab Emirates.
"Our immediate plan is to further strengthen our foothold in the Middle East where we aim to cover the entire region within three to four years," he added. -- BERNAMA
In a statement today, Macro Kiosk said the MBO by Malaysian brothers, Kenny Goh, Henry Goh and Goh Chee Seng will be carried out via their corporate vehicle, Trigoh Sdn Bhd.
They are the Chief Executive Officer, Chief Operating Officer and Head of Corporate Affairs of Macro Kiosk, respectively.
"The MBO encompasses the purchase of the 70 per cent stake in Macro Kiosk currently held by Goldis for RM15 million cash.
"Goldis reported that the proposed disposal was a timely opportunity for it to realise and unlock the value of its original investment in Macro Kiosk.
"It will result in an estimated gain of about RM9.5 million derived from the buyout proceeds at the Goldis' Group level," the statement added.
Goh said the acquisition gives the company more control and allows it to be more nimble and flexible in pursuing new opportunities, whilst ensuring that all customers still continue to have the best experience in both services and support.
"We believe we have a successful formula as we are present in 13
countries and our next market will be the United Arab Emirates.
"Our immediate plan is to further strengthen our foothold in the Middle East where we aim to cover the entire region within three to four years," he added. -- BERNAMA
