# KITZ plans to acquire 25.10% stake in Unimech Group

Japanese KITZ Corporation plans to acquire a 25.10% stake in Unimech Group from major shareholder Lim Kah Swee for 61.93 million Malaysian ringgit. The offer price is 1.65 ringgit per share.

- Type: Acquisition
- Announced: 2019-09-04
- Where: Malaysia
- Value: $14.8M (61.9M MYR)
- Status: announced
- Products: valves, industrial products
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [Kitz Corp](https://endata.com/companies/3803.md) (acquirer)
- [Unimech Group](https://endata.com/companies/41849.md) (target)

## Sources

- [mobapp-bak.klsescreener.com](https://mobapp-bak.klsescreener.com/v2/news/view/575260/%E6%97%A5%E5%BC%80%E6%BB%8B%E6%8B%9F6193%E4%B8%87-%E8%B4%AD%E8%81%94%E5%90%88%E6%9C%BA%E6%A2%B025-10), 2019-09-04: "日本开滋集团（KITZ）计划向联合机械集团（UNIMECH,7091,主板工业产品服务组）大股东购入25.10%股权，总交易价为6193万3770令吉65仙。"

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