Minox International to Acquire Johor Property Developer for MYR15 Million

MT Newswires Live

Aug 24

Minox International (KLSE:MINOX) has signed a conditional agreement to acquire the entire stake in Pembinaan Dragon Point for 15 million ringgit, as the steel valves distributor diversifies into property development, according to a Friday Bursa Malaysia filing.

The purchase of the residential property developer will be satisfied via 6.7 million ringgit in cash and 8.3 million ringgit via the issuance of 36 million new shares.

Additionally, the vendors have provided a profit guarantee of 2.5 million ringgit a year for the financial years 2027 through 2029.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.atigrdive.com/news/2661758223"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2661758223\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2661758223?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-24 14:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2661758223","market":"sg","top_or_hot":-1,"title":"Minox International to Acquire Johor Property Developer for MYR15 Million","media":"MT Newswires Live","content":"<html><body><p> Minox International (KLSE:MINOX) has signed a conditional agreement to acquire the entire stake in Pembinaan Dragon Point for 15 million ringgit, as the steel valves distributor diversifies into property development, according to a Friday Bursa Malaysia filing.</p><p>The purchase of the residential property developer will be satisfied via 6.7 million ringgit in cash and 8.3 million ringgit via the issuance of 36 million new shares.</p><p>Additionally, the vendors have provided a profit guarantee of 2.5 million ringgit a year for the financial years 2027 through 2029.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Minox International to Acquire Johor Property Developer for MYR15 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMinox International to Acquire Johor Property Developer for MYR15 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-24 14:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Minox International (KLSE:MINOX) has signed a conditional agreement to acquire the entire stake in Pembinaan Dragon Point for 15 million ringgit, as the steel valves distributor diversifies into property development, according to a Friday Bursa Malaysia filing.</p><p>The purchase of the residential property developer will be satisfied via 6.7 million ringgit in cash and 8.3 million ringgit via the issuance of 36 million new shares.</p><p>Additionally, the vendors have provided a profit guarantee of 2.5 million ringgit a year for the financial years 2027 through 2029.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CLR.SI","symbol_name":"LION-PHILLIP S-REIT","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2661758223","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2661758223","pubTimestamp":1787551568,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Minox International (KLSE:MINOX) has signed a conditional agreement to acquire the entire stake in Pembinaan Dragon Point for 15 million ringgit, as the steel valves distributor diversifies into prope","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CLR.SI":"LION-PHILLIP S-REIT","SRT.SI":"CSOP S-REITs INDEX ETF","JJJ.SI":"Lion-Nomura Japan Active ETF","CFA.SI":"NikkoAM-STC Asia REIT","SRU.SI":"CSOP iEdge SREIT ETF US$","GLS.SI":"Lion SG Phy Gold S$"},"translate_title":"Minox International将以1500万令吉收购柔佛房地产开发商","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GLS.SI":0.6,"JJJ.SI":0.6,"SRU.SI":0.6,"CFA.SI":1.5,"CLR.SI":0.6,"SRT.SI":0.6},"content_text":"Minox International (KLSE:MINOX) has signed a conditional agreement to acquire the entire stake in Pembinaan Dragon Point for 15 million ringgit, as the steel valves distributor diversifies into property development, according to a Friday Bursa Malaysia filing.The purchase of the residential property developer will be satisfied via 6.7 million ringgit in cash and 8.3 million ringgit via the issuance of 36 million new shares.Additionally, the vendors have provided a profit guarantee of 2.5 million ringgit a year for the financial years 2027 through 2029.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}