China firm buys into Securemetric
Meanwhile, Securemetric CEO Edward Law acknowledged the entry of Feitian Technologies into his company. He told StarBiz that Feitian Technologies is a well- established technology firm in China.9Some of the Securemetric products. - Filepic)
PETALINIG JAYA: China’s Feitian Technologies Co Ltd has acquired 20 million shares in Ace Market-listed Securemetric Bhd, Bloomberg data showed.
The entry of Shenzen-listed Feitian Technologies confirmed an earlier StarBiz report.
Following the purchase of this block through an off-market deal, Feitian will own up to 8.2% of Securemetric.
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