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Aizo plans to raise up to RM46.6 million through a private placement of 763.88 million new shares, equal to 30% of its existing share capital. Of the total funds, RM40 million will be used to develop its large-scale solar project in Kampar, Perak, while RM5.59 million is allocated for working capital, including staff, operating, and administrative expenses.
ASM Automation Group Berhad announced that its wholly-owned subsidiary, Arrow Systems Sdn. Bhd., has signed a business alliance agreement with Tokyo Automatic Machinery Works Ltd. The partnership aims to strengthen collaboration and create new business opportunities between both companies.
