Sunday 30 Jun 2024
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KUALA LUMPUR (Nov 12): Mobile device company Ninetology Marketing Sdn Bhd is still eyeing a stake in Ingenuity Consolidated Bhd after its offer was rejected by the latter's main shareholder earlier.

"We are still looking at possibilities although (Ingenuity's major shareholder) Chin Boon Leong had rejected the bid. We also have a plan B, but we would reveal any details later," he said after the launch of its products today (Monday).

In August, Ninetology made an offer to buy a 39.44% stake in ACE-market listed Ingenuity from four major shareholders: Chin; Firstwide Success Sdn Bhd; Landasan Simfoni Sdn Bhd; and Titanium Hallmark Sdn Bhd.

However, Chin later said he did not intend to sell his stake in Ingenuity.

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