Time dotCom buys 60% stake in AVM Cloud

TheStar Fri, Jan 08, 2021 09:00am - 3 years View Original


Yesterday, Time dotCom told Bursa Malaysia that both the deals had been completed.

PETALING JAYA: TIME Dotcom Bhd will pay up to RM58.7mil cash for its 60% stake in AVM Cloud Sdn Bhd, including deferred consideration, if certain conditions are fulfilled in future.

The deal is conditional on AVM buying over the remaining 40% of its subsidiary, Integrated Global Solutions Sdn Bhd (IGS).

Yesterday, Time dotCom told Bursa Malaysia that both the deals had been completed.

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