<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Aug 25): D &amp; O Green Technologies Bhd is acquiring an additional 12.45% stake in Dominant Opto Technologies Sdn Bhd from Thames Electronics Sdn Bhd and Cambrew Asia Ltd for RM122.62 million to capitalise on Dominant's favourable prospects.</p></div>

<div class=newsTextDataWrapInner><p>According to D &amp; O's statement to Bursa Malaysia yesterday, D &amp; O's stake in Dominant will increase from 61.84% to 74.3%, after the purchase of 13.7 million Dominant shares at RM8.95 each. Dominant manufactures opto semiconductor components like light-emitting diode.</p></div>

<div class=newsTextDataWrapInner><p>"The proposed acquisition will enable D &amp; O to further increase its equity interest in Dominant, as the board believes that the favourable prospects of the Dominant Group is expected to contribute positively to the future earnings of D &amp; O and its subsidiaries," D &amp; O said. The buyer said it would finance the purchase with of new D &amp; O irredeemable convertible preference shares.<br />
&nbsp;<br />
D &amp; O said it had appointed Maybank Investment Bank Bhd as principal adviser for the corporate exercise, while Mercury Securities Sdn Bhd is the independent adviser.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>D &amp; O's share trade has been suspended since yesterday, in conjunction with the announcement. Trading resumes from 2:30pm today.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>Prior to the suspension, the stock was traded at 60.5 sen, for a market value of RM604.1 million.</p></div>


KUALA LUMPUR (Aug 25): D & O Green Technologies Bhd is acquiring an additional 12.45% stake in Dominant Opto Technologies Sdn Bhd from Thames Electronics Sdn Bhd and Cambrew Asia Ltd for RM122.62 million to capitalise on Dominant's favourable prospects.

According to D & O's stat...

D & O ups Dominant Opto stake in RM123m deal

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...

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