TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS WTEC GROUP BERHAD ("WTEC GROUP" OR "THE COMPANY") PROPOSED ACQUISITION BY WTEC SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WTEC GROUP, OF AN INDUSTRIAL BUILDING HELD UNDER HSD 116275, PT28724, MUKIM SEMENYIH, DAERAH ULU LANGAT, NEGERI SELANGOR DARUL EHSAN FOR A TOTAL PURCHASE CONSIDERATION OF RM10.80 MILLION ("PROPOSED ACQUISITION")

WTEC GROUP BERHAD
TypeAnnouncement
SubjectTRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS
DescriptionWTEC GROUP BERHAD ("WTEC GROUP" OR "THE COMPANY")PROPOSED ACQUISITION BY WTEC SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF WTEC GROUP, OF AN INDUSTRIAL BUILDING HELD UNDER HSD 116275, PT28724, MUKIM SEMENYIH, DAERAH ULU LANGAT, NEGERI SELANGOR DARUL EHSAN FOR A TOTAL PURCHASE CONSIDERATION OF RM10.80 MILLION ("PROPOSED ACQUISITION")

Reference is made to the Company’s announcement made on 14 May 2026 in relation to the Proposed Acquisition (“Announcement“). Unless otherwise stated, definitions used in this announcement shall carry the same meanings as defined in the Announcement.

 

On behalf of the Board, AIS wishes to announce that following the payment of the Balance Purchase Consideration to the Vendor’s solicitors, the Proposed Acquisition is deemed completed on 3 July 2026 in accordance with the terms of the SPA.

 

This announcement is dated 3 July 2026. 

Announcement Info
Company NameWTEC GROUP BERHAD
Stock NameWTEC
Date Announced03 Jul 2026
CategoryGeneral Announcement for PLC
Reference NumberGA1-03072026-00041

Teresa Tan Siew Kuan

Madam Teresa Tan Siew Kuan holds a Bachelor of Economics from the University of Adelaide, Australia, and is a member of the Malaysian Institute of Accountants as well as a Fellow of Certified Practising Accountants, Australia (FCPA).

She brings over 30 years of experience across audit, taxation, corporate finance and investment banking. She began her career in 1992 in audit with Kassim Chan & Co (now Deloitte PLT), before gaining tax experience with Coopers & Lybrand (now PricewaterhouseCoopers). She subsequently built a career in corporate finance and advisory with Malaysian International Merchant Bankers Berhad (now Hong Leong Investment Bank Berhad) and Kenanga Investment Bank Berhad, where she advised corporate and institutional clients, including public listed companies.

She later transitioned into academia as a lecturer in accounting and auditing, before returning to the financial services industry in business development roles. She
subsequently served as Chief Financial Officer of TT Vision Holdings Berhad from 2017 to 2019, where she was involved in overseeing the company’s listing on the LEAP Market of Bursa Malaysia Securities Berhad.

She currently provides business and management consultancy services. She is also an Independent NonExecutive Director of IQ Group Holdings Berhad as well as
BWYS Group Berhad.