KUALA LUMPUR: Excel Force MSC Bhd
is acquiring the entire 100% equity interest in investment holding firm Orca Capital Holdings Limited (OCHL) from Honest Winner Limited for RM18.15mil via a combination of shares and cash.
In a bourse filing, the group said OCHL, which is incorporated in the British Virgin Islands, has a 20% stake in China-based Shahe Technology (Beijing) Co Ltd (Sandman Studios), which is involved in extended reality content production, proprietary technology development and XR content publishing.
The group expects to apply the XR content - comprising augmented reality (AR) and virtual reality (VR) technology - to its Xifu platform to increase subscribers and improve the user experience on the trading application.
"Furthermore, with the launch of Apple Vision Pro with its spatial operating system which will revolutionise digital content by blending content with physical space utilising AR and VR technology, the proposed acquisition will provide Excel Force with a first mover advantage to develop applications using a spatial operating system for commercialisation in tandem with its existing applications and platform," it said.
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