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Any insider news? Joint-venture, buy over?
Please share. Thanks.
Share buy back..
I doubt so, the directors selling Jotech shares. Autov is opposite, buying shares.
A merger exercise is on the cards for AIC Corp Bhd, Jotech Holdings Bhd and AutoV Corp Bhd to create a larger group in efforts to gear up for expansion.

Last night, all three companies requested for suspension of trading from today until Monday pending a material announcement expected to be made on Friday.

Sources said the merger exercise will likely be done through a special purpose vehicle (SPV) which will acquire shares in AIC, Jotech and AutoV via share swaps. The SPV will then take over the listing status of one of the three companies.

Notably, all three companies share a common shareholder in Datuk Goh Tian Chuan, and there are cross-shareholding links between the three companies.

Filings show that Goh holds a direct 6.48% stake in Jotech, a 0.49% stake in AutoV and a 20.42% stake in AIC.

Jotech also holds a 16.12% stake in AIC, while AIC holds 19.88% stake in AutoV.

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