KUALA LUMPUR (March 17): K-One Technology Bhd has proposed to acquire a 30% stake in security consultancy and services company AHM Consultancy & Security Services Sdn Bhd for RM8.7 million. In a filing with the stock exchange, the company said it is acquiring the stake from Datin Sri Fuziah Mohd Nor, Datuk Mohammad Fadzllee Mustapa and Mohammed Fadzlan Mustapa. AHM is involved in the provision of security consultancy and services, with major clients comprising government agencies and government-linked companies. "K-One will use its technology expertise to enhance and complement AHM's provision of security services to its customers. K-One closed up 1.5 sen or 7.3% at 22 sen, giving it a market capitalisation of RM114.21 million.

Source: The Edge Markets March 17, 2017 10:48 UTC