Vstecs Bhd is proposing to dispose of its entire 40% stake in Isatec Sdn Bhd for RM48.75 million in cash, as the group seeks to monetise the investment and redeploy capital into its core businesses.
The information and communications technology distributor said the proposed disposal, to Skyform Pte Ltd, a digital and artificial intelligence transformation services provider, is expected to be completed by the first quarter of 2027, subject to conditions outlined under the share purchase agreement.
VSTECS Bhd CEO JH Soong.
Upon completion of the transaction, Skyform will hold a 75% stake in Isatec, following its acquisition of Vstecs’ 40% interest, alongside an additional 35% stake to be acquired from Isatec’s management shareholders.
Vstecs chief executive officer JH Soong said the proposed disposal would allow the group to crystallise the value it has built in Isatec over the past seven years, marking a significant milestone in the company’s investment journey.
“Together with the dividends received from Isatec, we would have realised total cash returns of RM64.97 million, which is equivalent to approximately 3.46 times the original investment cost,” he said, underscoring the strong returns generated from the investment over its holding period.
The proposed disposal reflects Vstecs’ broader strategy of actively managing its investment portfolio, allowing the group to unlock value from mature investments and channel the proceeds towards strengthening its core distribution and technology-related businesses going forward.
