APB Resources Berhad (KLSE:APB) entered into the Share Sale Agreement to acquire 10.45% stake in Globetronics Technology Bhd. (KLSE:GTRONIC) from General Produce Agency Sdn Berhad and others for MYR 140 million on January 18, 2024. APB has obtained financing for up to MYR 95 million from a financial institution to partially fund the Proposed Acquisition. As such, the Purchase Consideration will be funded via a combination of RM95.00 million from bank borrowings and the remaining MYR 45 million from internally generated funds. Transaction is subject to approval from APB Resources Berhad's shareholders and Due diligence investigation. As of February 6, 2024 Transaction was approved by APB Resources Berhad's shareholders. Eco Asia Capital Advisory Sdn Bhd acted as Financial advisor to APB Resources Berhad.

APB Resources Berhad (KLSE:APB) completed the acquisition of 10.45% stake in Globetronics Technology Bhd. (KLSE:GTRONIC) from General Produce Agency Sdn Berhad and others on February 16, 2024.