Cosmos Technology signs letter of intent to buy 51% stake in Orisystems for RM 16.52 million

Bitget2026/10/19 09:42

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Cosmos Technology International plans to acquire 51% of Orisystems Opto for an indicative RM 16.52 million, expanding into electronic manufacturing services.
Payment would comprise 33,048,000 new ordinary shares issued at RM 0.50 each, subject to final terms.
The non-binding letter of intent, signed October 19, 2026, envisages a definitive agreement within six months, unless extended by mutual agreement.
The vendors and Lau Han Soon guarantee annual profit after tax of at least RM 3.6 million for financial years 2027–2029.
Completion depends on satisfactory due diligence, shareholder approval and Bursa Securities clearance for listing the consideration shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cosmos Technology International Bhd published the original content used to generate this news brief via Bursa Malaysia (KLSE) (Ref. ID: 3716191) on October 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Cosmos Technology signs letter of intent to buy 51% stake in Orisystems for RM 16.52 million

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