Green Packet looks to new markets for expansion
Shalini Kumar | 08 Sep 2017 00:30

Information and communications technology player Green Packet Bhd is looking at new markets abroad to expand its long-term evolution (LTE) products. According to CEO Tan Kay Yen, the group is eyeing the Middle East, North America, and Europe.

The company also wants to leverage products from its recent corporate acquisitions to spread its wings into other Asean countries.

Last year, Green Packet acquired a 20% stake in China-based Shenzhen Memo Technology Co Ltd (Memohi) for 10 million renminbi (RM6.5 mil). The transaction involved Green Packet’s wholly-owned subsidiary, Worldline Enterprise Sdn Bhd, subscribing for 250,000 new shares in Memohi.

Memohi’s core business includes the sale of electronic products; provision of smart-home internet products and services; and over-the-top box for home.

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