Aspial Lifestyle unit completes RM 147.32 million acquisition of Ion World, Kedai Emas Ion, Focus Resources
Reuters2026/08/07 14:23- Aspial Lifestyle’s indirect unit Maxi Cash (Malaysia) completed the purchase of Ion World, Kedai Emas Ion, Focus Resources on June 26, 2026.
- Cash consideration totaled MYR 147.32 million (about SGD 46.42 million), funded from existing cash resources, borrowings.
- MYR 3 million (about SGD 945,287) was withheld up to 12 months for potential tax, legal, operational liabilities.
- Target Group net assets were MYR 56.9 million (about SGD 18 million) on a pro forma basis for FY2025.
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