Sanichi Technology Berhad (KLSE:SANICHI) acquired a 10.5% stake in BCM Alliance Berhad (KLSE:BCMALL) for MYR 21.8 million on January 4, 2021. The transaction comprised of acquisition of approximately 50.77 million shares. The acquisition was funded from internally generated funds. The acquisition will not have any material effect on the earnings per share, net assets per share and gearing of the Sanichi Group for the financial year ended December 31, 2020.

Sanichi Technology Berhad (KLSE:SANICHI) completed the acquisition of a 10.5% stake in BCM Alliance Berhad (KLSE:BCMALL) on January 4, 2021.