Ajiya Berhad (KLSE:AJIYA) agreed to acquire 15% of stake in Ajiya Safety Glass Sdn. Bhd. from Foresight Aim Sdn Bhd for MYR 16.7 million on February 15, 2022. As part of the transaction, Ajiya will acquire 90,000 shares representing 15% of the total issued share capital of Ajiya Safety Glass. The acquisition is to be financed via internally generated funds. Ajiya Berhad holds 75% stake and Foresight Aim holds 25% stake in Ajiya Safety Glass. As of November 30, 2021, Ajiya Safety Glass reported Net Assets of MYR 164.6 million. Transaction is subject to the approval of the Inland Revenue Board and other relevant authorities, and is expected to be closed within a month. The Acquisition will not have any effect on the issued and paid-up capital and the substantial shareholders' shareholding in Ajiya.

Ajiya Berhad (KLSE:AJIYA) acquired 15% of stake in Ajiya Safety Glass Sdn. Bhd. from Foresight Aim Sdn Bhd for MYR 16.7 million in November, 2022.