Reported Earnings • May 22
Third quarter 2026 earnings released: RM0.011 loss per share (vs RM0.001 profit in 3Q 2025) Third quarter 2026 results: RM0.011 loss per share (down from RM0.001 profit in 3Q 2025). Revenue: RM24.7m (down 37% from 3Q 2025). Net loss: RM3.81m (down RM4.27m from profit in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. New Risk • Mar 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 45% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (RM71.9m market cap, or US$18.3m). Reported Earnings • Feb 26
Second quarter 2026 earnings released: EPS: RM0.002 (vs RM0.006 in 2Q 2025) Second quarter 2026 results: EPS: RM0.002 (down from RM0.006 in 2Q 2025). Revenue: RM36.9m (down 7.3% from 2Q 2025). Net income: RM651.0k (down 68% from 2Q 2025). Profit margin: 1.8% (down from 5.0% in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Nov 20
First quarter 2026 earnings released: EPS: RM0.002 (vs RM0.005 loss in 1Q 2025) First quarter 2026 results: EPS: RM0.002 (up from RM0.005 loss in 1Q 2025). Revenue: RM28.8m (down 13% from 1Q 2025). Net income: RM511.0k (up RM2.29m from 1Q 2025). Profit margin: 1.8% (up from net loss in 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 43 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 20
Full year 2025 earnings released: RM0.005 loss per share (vs RM0.015 profit in FY 2024) Full year 2025 results: RM0.005 loss per share (down from RM0.015 profit in FY 2024). Revenue: RM140.3m (up 27% from FY 2024). Net loss: RM1.62m (down 131% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Announcement • Oct 16
RGT Berhad, Annual General Meeting, Nov 19, 2025 RGT Berhad, Annual General Meeting, Nov 19, 2025, at 10:00 Singapore Standard Time. Location: pangkor room, hotel jen penang, jalan magazine, 10300 george town, pulau pinang, Malaysia Reported Earnings • Aug 31
Full year 2025 earnings released: RM0.005 loss per share (vs RM0.015 profit in FY 2024) Full year 2025 results: RM0.005 loss per share (down from RM0.015 profit in FY 2024). Revenue: RM140.3m (up 27% from FY 2024). Net loss: RM1.62m (down 131% from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Buy Or Sell Opportunity • Aug 07
Now 31% overvalued Over the last 90 days, the stock has fallen 41% to RM0.26. The fair value is estimated to be RM0.20, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 65%. Reported Earnings • May 17
Third quarter 2025 earnings released: EPS: RM0.001 (vs RM0.004 in 3Q 2024) Third quarter 2025 results: EPS: RM0.001 (down from RM0.004 in 3Q 2024). Revenue: RM39.2m (up 49% from 3Q 2024). Net income: RM460.0k (down 65% from 3Q 2024). Profit margin: 1.2% (down from 5.0% in 3Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 36 percentage points per year, which is a significant difference in performance. New Risk • Apr 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 0% Cash payout ratio: 161% Earnings have declined by 19% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.1% average weekly change). Large one-off items impacting financial results. Market cap is less than US$100m (RM149.5m market cap, or US$33.5m). Reported Earnings • Feb 15
Second quarter 2025 earnings released: EPS: RM0.006 (vs RM0.005 in 2Q 2024) Second quarter 2025 results: EPS: RM0.006 (up from RM0.005 in 2Q 2024). Revenue: RM39.8m (up 32% from 2Q 2024). Net income: RM2.00m (up 25% from 2Q 2024). Profit margin: 5.0% (down from 5.3% in 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 57% per year but the company’s share price has only fallen by 29% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 19
First quarter 2025 earnings released: RM0.005 loss per share (vs RM0.002 profit in 1Q 2024) First quarter 2025 results: RM0.005 loss per share (down from RM0.002 profit in 1Q 2024). Revenue: RM33.0m (up 17% from 1Q 2024). Net loss: RM1.78m (down 353% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 55% per year but the company’s share price has only fallen by 37% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
RGT Berhad, Annual General Meeting, Nov 18, 2024 RGT Berhad, Annual General Meeting, Nov 18, 2024, at 10:00 Singapore Standard Time. Location: pangkor room, hotel jen penang, jalan magazine, 10300 george town, pulau pinang, Malaysia Reported Earnings • Aug 29
Full year 2024 earnings released: EPS: RM0.015 (vs RM0.005 in FY 2023) Full year 2024 results: EPS: RM0.015 (up from RM0.005 in FY 2023). Revenue: RM110.4m (up 2.9% from FY 2023). Net income: RM5.28m (up 200% from FY 2023). Profit margin: 4.8% (up from 1.6% in FY 2023). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Malaysian stocks, typically moving 7.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Dividend per share is over 45x earnings per share. Paying a dividend despite having no free cash flows. Earnings have declined by 11% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.8% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Market cap is less than US$100m (RM306.3m market cap, or US$65.2m). Reported Earnings • May 25
Third quarter 2024 earnings released: EPS: RM0.001 (vs RM0 in 3Q 2023) Third quarter 2024 results: EPS: RM0.001 (up from RM0 in 3Q 2023). Revenue: RM26.3m (down 4.6% from 3Q 2023). Net income: RM1.31m (up 192% from 3Q 2023). Profit margin: 5.0% (up from 1.6% in 3Q 2023). The increase in margin was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 63 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 24
Second quarter 2024 earnings released: EPS: RM0.002 (vs RM0.002 in 2Q 2023) Second quarter 2024 results: EPS: RM0.002 (in line with 2Q 2023). Revenue: RM30.2m (up 13% from 2Q 2023). Net income: RM1.60m (flat on 2Q 2023). Profit margin: 5.3% (down from 6.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Board Change • Feb 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Non-Executive Director YJ Lim was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 18
First quarter 2024 earnings released: EPS: RM0.001 (vs RM0.002 in 1Q 2023) First quarter 2024 results: EPS: RM0.001 (down from RM0.002 in 1Q 2023). Revenue: RM28.1m (down 15% from 1Q 2023). Net income: RM702.0k (down 70% from 1Q 2023). Profit margin: 2.5% (down from 7.1% in 1Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has only fallen by 28% per year, which means it has not declined as severely as earnings. Announcement • Oct 17
RGT Berhad, Annual General Meeting, Nov 17, 2023 RGT Berhad, Annual General Meeting, Nov 17, 2023, at 10:00 Singapore Standard Time. Location: Pangkor Room, Hotel Jen Penang, Jalan Magazine, 10300 George Town Pulau Pinang Malaysia Agenda: To receive the Audited Financial Statements for the financial year ended 30 June 2023 together with the Reports of Directors and Auditors thereon;to re-elect Dato' Ir. Low Keng Kok retiring in accordance with Clause 102 of the Company's Constitution; to re-elect Datuk Lim Seat Hoe retiring in accordance with Clause 102 of the Company's Constitution; and to consider other matters. New Risk • Aug 25
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.6% Last year net profit margin: 8.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (1.6% net profit margin). Shareholders have been diluted in the past year (12% increase in shares outstanding). Market cap is less than US$100m (RM274.9m market cap, or US$59.2m). Reported Earnings • May 13
Third quarter 2023 earnings released: EPS: RM0.001 (vs RM0.006 in 3Q 2022) Third quarter 2023 results: EPS: RM0.001 (down from RM0.006 in 3Q 2022). Revenue: RM27.5m (down 32% from 3Q 2022). Net income: RM447.0k (down 89% from 3Q 2022). Profit margin: 1.6% (down from 11% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Announcement • May 13
RGT Berhad Reports Property, Plant and Equipment Written Off for the Third Quarter Ended March 31, 2023 RGT Berhad reported Property, plant and equipment written off for the third quarter ended March 31, 2023. For the quarter, the company reported Property, plant and equipment written off of MYR 1,000. Reported Earnings • Feb 10
Second quarter 2023 earnings released: EPS: RM0.002 (vs RM0.002 in 2Q 2022) Second quarter 2023 results: EPS: RM0.002 (in line with 2Q 2022). Revenue: RM26.7m (up 1.9% from 2Q 2022). Net income: RM1.59m (up 5.9% from 2Q 2022). Profit margin: 6.0% (up from 5.7% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 21
First quarter 2023 earnings released: EPS: RM0.003 (vs RM0.002 in 1Q 2022) First quarter 2023 results: EPS: RM0.003 (up from RM0.002 in 1Q 2022). Revenue: RM33.0m (up 71% from 1Q 2022). Net income: RM2.33m (up 106% from 1Q 2022). Profit margin: 7.1% (up from 5.9% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 21
Full year 2022 earnings released: EPS: RM0.012 (vs RM0.016 in FY 2021) Full year 2022 results: EPS: RM0.012 (down from RM0.016 in FY 2021). Revenue: RM121.2m (down 7.0% from FY 2021). Net income: RM10.0m (flat on FY 2021). Profit margin: 8.2% (up from 7.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 19
RGT Berhad, Annual General Meeting, Nov 18, 2022 RGT Berhad, Annual General Meeting, Nov 18, 2022, at 10:00 Singapore Standard Time. Location: Pangkor Room, Hotel Jen Penang, Jalan Magazine 10300 George Town, Pulau Pinang Malaysia Pulau Pinang Malaysia Agenda: To consider and approve the receive the Audited Financial Statements for the financial year ended 30 June 2022 together with the Reports of Directors and Auditors thereon; to consider and approve the re-appointment of Crowe Malaysia PLT as Auditors of the Company and to authorize the Directors to fix their remuneration; to consider and approve the re-election of the following Directors who are retiring in accordance with Clause 102 of the Company's Constitution: (a) Lee Soo Ching; and (b) Dr. Ooi Hun Pin; and to consider other matters. Reported Earnings • Aug 31
Full year 2022 earnings released: EPS: RM0.013 (vs RM0.016 in FY 2021) Full year 2022 results: EPS: RM0.013 (down from RM0.016 in FY 2021). Revenue: RM121.2m (down 7.0% from FY 2021). Net income: RM10.0m (flat on FY 2021). Profit margin: 8.2% (up from 7.7% in FY 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 18
RGT Berhad Announces Resignation of Woon Mei Ling as Joint Secretary, Date of Change Is 17 Jun. 2022 RGT Berhad announced Resignation of WOON MEI LING as Joint Secretary, Date Of Change 17 Jun. 2022. Reported Earnings • Apr 30
Third quarter 2022 earnings released: EPS: RM0.006 (vs RM0.005 in 3Q 2021) Third quarter 2022 results: EPS: RM0.006 (up from RM0.005 in 3Q 2021). Revenue: RM40.2m (up 25% from 3Q 2021). Net income: RM4.21m (up 39% from 3Q 2021). Profit margin: 11% (up from 9.4% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 23
Second quarter 2022 earnings: Revenues and EPS in line with analyst expectations Second quarter 2022 results: EPS: RM0.002 (down from RM0.006 in 2Q 2021). Revenue: RM26.2m (down 42% from 2Q 2021). Net income: RM1.50m (down 63% from 2Q 2021). Profit margin: 5.7% (down from 9.0% in 2Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 04
Roblon A/S (CPSE:RBLN B) completed the acquisition of VAMAFIL, spol. s r.o. RGT Berhad (KLSE:RGTBHD) entered into an agreement to acquire 70% stake in Keenness Precision Engineering Sdn Bhd from Ooi Swang Kieat and Tan Eng Thuan for MYR 9.8 million on December 1, 2021. This acquisition is expected to enhance the earnings base and Earnings Per Share of RGTBHD further as it will be fully funded by internally generated cash.
Roblon A/S (CPSE:RBLN B) completed the acquisition of VAMAFIL, spol. s r.o on January 3, 2022. All conditions subject to the transaction has been fulfilled. Executive Departure • Dec 03
Independent & Non Executive Director Choon Heng Ong has left the company On the 29th of November, Choon Heng Ong's tenure as Independent & Non Executive Director ended after 2.6 years in the role. We don't have any record of a personal shareholding under Choon Heng's name. Choon Heng is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 3.42 years. Announcement • Dec 02
RGT Berhad (KLSE:RGTBHD) entered into an agreement to acquire 70% stake in Keenness Precision Engineering Sdn Bhd for MYR 9.8 million. RGT Berhad (KLSE:RGTBHD) entered into an agreement to acquire 70% stake in Keenness Precision Engineering Sdn Bhd for MYR 9.8 million on December 1, 2021. This acquisition is expected to enhance the earnings base and Earnings Per Share of RGTBHD further as it will be fully funded by internally generated cash. Reported Earnings • Nov 30
First quarter 2022 earnings: Revenues and EPS in line with analyst expectations First quarter 2022 results: EPS: RM0.002 (down from RM0.007 in 1Q 2021). Revenue: RM19.4m (down 54% from 1Q 2021). Net income: RM1.13m (down 73% from 1Q 2021). Profit margin: 5.9% (down from 10% in 1Q 2021). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Sep 08
RGT Berhad (KLSE:RGTBHD) entered into a conditional share sale agreement to acquire 70% stake in Top Degree (M) Sdn Bhd from Ong Liang Kheng, Kau Yoon Thiam and Kau Yan Tuck for MYR 14 million. RGT Berhad (KLSE:RGTBHD) entered into a conditional share sale agreement to acquire 70% stake in Top Degree (M) Sdn Bhd from Ong Liang Kheng, Kau Yoon Thiam and Kau Yan Tuck for MYR 14 million on September 7, 2021. Under the terms, RGT Berhad will acquire 1.29 million shares, 1.13 million shares and 0.31 million shares from Ong Liang Kheng, Kau Yoon Thiam and Kau Yan comprising 33%, 29% and 8% stakes respectively. The consideration will be financed entirely via internally generated funds. After the acquisition Ong Liang Kheng, Kau Yoon Thiam and Kau Yan Tuck will hold 10% stake each in Top Degree (M) Sdn Bhd. The Financials of Top Degree (M) Sdn Bhd for 2021 are total assets of MYR 7.36 million, net assets of MYR 3.12 million, revenues of MYR 5.24 million and loss after tax of MYR 1.37 million. The transaction does not need approval of shareholders of RGT Berhad and any relevant government authorities. the transcation is expected to be completed by December of 2021. Reported Earnings • Aug 27
Full year 2021 earnings released: EPS RM0.016 (vs RM0.009 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: RM130.4m (up 68% from FY 2020). Net income: RM10.0m (up 101% from FY 2020). Profit margin: 7.7% (up from 6.4% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Reported Earnings • Apr 28
Third quarter 2021 earnings released: EPS RM0.005 (vs RM0.001 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: RM32.3m (up 110% from 3Q 2020). Net income: RM3.03m (up 396% from 3Q 2020). Profit margin: 9.4% (up from 4.0% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has only increased by 48% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Feb 24
New 90-day low: RM0.47 The company is down 23% from its price of RM0.61 on 26 November 2020. The Malaysian market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 6.0% over the same period. Is New 90 Day High Low • Feb 08
New 90-day low: RM0.53 The company is down 22% from its price of RM0.68 on 10 November 2020. The Malaysian market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 12% over the same period. Reported Earnings • Jan 27
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: RM45.4m (up 165% from 2Q 2020). Net income: RM4.09m (up 304% from 2Q 2020). Profit margin: 9.0% (up from 5.9% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 126% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jan 13
RGT Berhad Appoints Dato Lim Yong Jin as Independent and Non-Executive Director, Date of Change 18 January 2021 RGT Berhad announced appointment of Dato Lim Yong Jin as independent and non-executive director. Date of change is 18 January 2021. Is New 90 Day High Low • Nov 10
New 90-day high: RM0.68 The company is up 44% from its price of RM0.47 on 12 August 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. Reported Earnings • Oct 28
First quarter earnings released Over the last 12 months the company has reported total profits of RM8.02m, up 33% from the prior year. Total revenue was RM100.6m over the last 12 months, up 14% from the prior year. Is New 90 Day High Low • Oct 19
New 90-day high: RM0.58 The company is up 60% from its price of RM0.36 on 21 July 2020. The Malaysian market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 2.0% over the same period. Announcement • Sep 26
RGT Berhad (KLSE:RGTBHD) entered into supplemental share sale agreement to acquire remaining 40% equity interest in Rapid Growth Technology Sdn. Bhd. from Hor Lim Chee, Ng Choon Keat, Tan Song Chai, Lim Seat Hoe and Tan Ann Chee for approximately MYR 140 million. RGT Berhad (KLSE:RGTBHD) entered into supplemental share sale agreement to acquire remaining 40% equity interest in Rapid Growth Technology Sdn. Bhd. from Hor Lim Chee, Ng Choon Keat, Tan Song Chai, Lim Seat Hoe and Tan Ann Chee for approximately MYR 140 million on September 18, 2020. As per agreement, RGT Berhad will acquire 6 million shares and the consideration will be satisfied by issuing 283.64 million new ordinary shares (59.09 million shares will be held in escrow). Save for the obligations and liabilities in and arising from, pursuant to or in connection with the agreement, there are no other liabilities, including contingent liabilities and guarantees, to be assumed by RGT Berhad. Hor Lim Chee will sell 2.4 million shares, Ng Choon Keat will sell 1.5 million shares, Tan Song Chai will sell 1.2 million shares, Lim Seat Hoe will sell 0.6 million shares and Tan Ann Chee will sell 0.3 million shares. Post-closing, Rapid Growth Technology Sdn. Bhd. will become a wholly-owned subsidiary company of RGT Berhad. For the period ending June 30, 2020, Rapid Growth Technology Sdn. Bhd. had a revenue of MYR 67.2 million, net income of MYR 7.6 million, total common equity of MYR 70.5 million and total assets of MYR 98.3 million.
The deal is subjected to approval of non-interested shareholders of RGT Berhad, shareholders of Rapid Growth Technology Sdn. Bhd., approval for listing of new shares on Bursa Securities, approval from Securities Commission Malaysia, third party and any other government, public or regulatory authorities or bankers of Rapid Growth Technology Sdn. Bhd. The audit committee of Rapid Growth Technology Sdn. Bhd. is of the opinion that the transaction is fair, reasonable and on normal commercial terms and in the best interest of RGT Berhad. The deal is expected to complete in second quarter of 2020. The acquisition is expected to contribute positively to the consolidated earnings. Malacca Securities Sdn Bhd and UOB Kay Hian Securities (M) Sdn Bhd. acted as an independent financial advisor to non-interested directors & shareholders of RGT Berhad. Announcement • Jul 31
Lim Kar Yeong and Tan Sue Khoon completed the acquisition of Pahanco Manufacturing Sdn Bhd, Natural Renewable Energy Sdn Bhd and 55% stake in JC Concept International Sdn Bhd from RGT Berhad (KLSE:RGTBHD). Lim Kar Yeong and Tan Sue Khoon agreed to acquire Pahanco Manufacturing Sdn Bhd, Natural Renewable Energy Sdn Bhd and 55% stake in JC Concept International Sdn Bhd from RGT Berhad (KLSE:RGTBHD) for MYR 5 on April 29, 2019. Lim Kar Yeong and Tan Sue Khoon will acquire 5 million share each of Pahanco Manufacturing Sdn. Bhd for MYR 1 each, 0.24 million share each of Natural Renewable Energy Sdn. Bhd for MYR 1 each and Lim Kar Yeong will acquire 0.14 million share of JC Concept International Sdn Bhd for MYR 1. The transaction is expected to be completed by second quarter of 2019.
Lim Kar Yeong and Tan Sue Khoon completed the acquisition of Pahanco Manufacturing Sdn Bhd, Natural Renewable Energy Sdn Bhd and 55% stake in JC Concept International Sdn Bhd from RGT Berhad (KLSE:RGTBHD) on May 2, 2019.