Hextar Industries Berhad (KLSE:HEXIND) agreed to acquire 51% stake in WOODPECKERS GROUP SDN BHD from Tan Kai Young, Chua Ray-Men, Tan Sze Liang, Lee Ken Vern and Ricky Tjandra for approximately MYR 180 million on February 12, 2026.

The transaction is subject to completion of separate transaction, approval of offer by acquirer shareholders, approval by regulatory board/committee and consummation of due diligence investigation.
Berjaya Securities has been appointed as the Principal Adviser for the Proposed Acquisition.