Maxis Berhad (KLSE:MAXIS) agreed to acquire Mykris Asia Sdn Bhd from MyKRIS International Berhad (KLSE:MYKRIS) for approximately MYR 160 million on October 13, 2021. Under the agreement, the purchase price of MYR 115 million comprises of initial payment of MYR 105 million payable on completion date and balance payment of MYR 10 million payable based on the payment schedule and terms. In addition, the purchaser shall also pay the sellers additional payment of MYR 42.5 million, provided that Mykris asia achieves the target annual revenue over the next 3 years from the completion date. The acquisition of MyKRIS Asia is expected to complete by Q1 2022, subject to the fulfilment of pre-agreed deal conditions including approvals by MyKRIS Asia shareholders. MainStreet and UOB-Kay Hian Holdings Limited advised Mykris on the deal. On 7 January 2022, the resolutions pertaining to the MyKRIS Asia Disposal and the Proposed Withdrawal of Listing were approved by the shareholders of MyKRIS during the EGM.

Maxis Berhad (KLSE:MAXIS) acquired Mykris Asia Sdn Bhd from MyKRIS International Berhad (KLSE:MYKRIS) on January 14, 2022.