RGB acquires 20% stake in gaming machine leasing deal worth RM10m

RGB International Bhd (RGBI) has approved the acquisition of a 20% participation interest in a product leasing agreement (PLA) from Timor Holding SA by its wholly-owned subsidiary, RGB Ltd.

This related party transaction involves the acquisition of 86 units of electronic gaming machines in exchange for a share in rental revenues, with a purchase consideration valued at approximately RM9.82 million.

THSA is a company operating in the amusement and gaming machines sector.

The acquisition is justified based on projected cash flows and market value considerations. 

It is expected to positively impact RGBI’s earnings and net assets.

 The purchase consideration of RM9.82 million will be funded internally and there are no other liabilities assumed by RGBI. –TMR