TechMatrix Corporation (TSE:3762) signed a letter of intent to acquire Firmus Sdn. Bhd. on October 18, 2024. A cash consideration of MYR 145 million will be paid by TechMatrix Corporation. As part of consideration, MYR 145 million is paid towards common equity of Firmus Sdn. Bhd.

The expected completion of the transaction is November 29, 2024.