CLOUDPOINT Technology Bhd initiates strategic acquisitions in the data center sector, revealing a binding term sheet for the purchase of 75% of ordinary shares in Unique Central Sdn Bhd (UCSB) and Uniqcen Sales & Services Sdn Bhd (USSSB) at a total cost of RM26.7 million.
The move establishes both entities as 75% subsidiaries of Cloudpoint, specialised in data center solutions encompassing infrastructure design, construction, integration, monitoring, and sustainability assessment.
The detailed term sheet includes vendor information, profit guarantees for fiscal years 2024 to 2026, and a staged payment plan tied to predefined profit targets.
Cloudpoint aims to position itself as a comprehensive data center solutions provider, offering end-to-end services, including cybersecurity solutions, anticipating increased revenue, expanded offerings, and recurring income streams to enhance overall profitability and shareholder value.
The company remains optimistic about the positive impact on future earnings and financial position resulting from these strategic initiatives.
Cloudpoint’s share price holds steady at 52 sen, reflecting a market capitalization of RM274 million. – TMR
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