KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has acquired 100 per cent stake in a lighting design, consultancy and manufacturer, Davex (Malaysia) Sdn Bhd for RM255 million, its largest investment in the manufacturing sector. As the industry experiences a shift from conventional to energy-efficient LED lighting, Davex is well-placed to capitalise on the increasing demand for energy efficient lighting solutions. Davex group managing director Yap Chung San said the acquisition by Ekuinas is a defining milestone for the company. "We look forward to working with Ekuinas to take Davex to the next phase. This acquisition is Ekuinas’ largest investment in the manufacturing sector thus far.

Source: New Strait Times December 13, 2017 11:03 UTC