Summary:

• MSM International Limited, via wholly owned GCC Capital Sdn. Bhd., has signed a conditional share subscription agreement to take a 30% stake in Malaysia-based X Miles Sdn. Bhd. through the subscription of 42,858 new shares​

• The RM1,000,000 consideration comprises a RM500,000 fixed component, paid in two tranches within six months of signing, and a further RM500,000 conditional earn-out tied to X Miles achieving over RM5 million annual revenue and more than 10% net profit margin for three consecutive financial years from FY2026 to FY2028​

• X Miles, founded and fully owned by industry veteran Wong Chee Weng, is a one-stop provider of AC and DC EV chargers for residential and commercial customers, and has generated about RM410,000 revenue, RM75,000 net profit and RM175,000 net assets from April to November 2025​

• MSM will fund the deal entirely with internal resources, secure board representation at X Miles and account for the holding as an associate, reflecting its influence over financial and operating policies​

• The board cites the acquisition as a strategic move to accelerate growth in green energy and EV infrastructure, leverage X Miles’ technical expertise and network, and potentially collaborate on locally developed and manufactured Malaysian-made EV chargers​

• Relative figures under Catalist Rule 1006 come in below 5% (notably a 4.46% ratio on consideration to market cap and 1.03% on profit contribution), classifying the deal as a non-discloseable transaction, though voluntarily announced under Rule 1008(2)​

• Pro forma impact is modest but positive, lifting NTA per share from 167.84 sen to 167.93 sen and EPS from 42.17 sen to 42.26 sen based on FY2025 numbers​

• No new directors are appointed at MSM, no equity securities are issued, and no directors or controlling shareholders have any interest in the deal beyond their existing stakes in the company​