# Press Metal to acquire additional 35.6% stake in PMB Technology for MYR 465M

Press Metal Aluminium Holdings Berhad (PMAH) has proposed to acquire an additional 35.6% stake in PMB Technology Berhad (PMBT) for MYR 464.95 million (USD 109.9 million) in cash, raising its shareholding to about 58.8% and making PMBT its subsidiary. The acquisition supports PMBT's repositioning from silicon metal to aluminium alloys due to the prolonged weakness in the global silicon metal market.

- Type: Acquisition
- Announced: 2026-08-03
- Where: Malaysia
- Value: $109.9M (464.9M MYR)
- Status: announced
- Products: silicon metal, aluminium alloys
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Press Metal Aluminium Holdings Berhad](https://endata.com/companies/77182.md) (acquirer)
- [PMB Technology Berhad](https://endata.com/companies/93318.md) (target)

## Sources

- [alcircle.com](https://www.alcircle.com/news/silicon-market-slump-prompts-press-metal-to-reposition-pmbt-towards-aluminium-alloys-120627), 2026-08-03: "PMAH said the acquisition presents a strategic opportunity to reposition PMBT's business as the global silicon metal market continues to face prolonged weakness."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.