Malaysian court injunction stalls AsiaPhos bid for Exquisite Mode stake

Reuters

Feb 20

Malaysian court injunction stalls AsiaPhos bid for Exquisite Mode stake

AsiaPhos Ltd.’s proposed acquisition of a 97.41% stake in Malaysia’s Exquisite Mode Sdn Bhd has been delayed after the vendor said a Malaysian court granted an injunction preventing it from entering into definitive agreements while a shareholder dispute is resolved. The vendor told AsiaPhos it still intends to proceed if the injunction is lifted, and AsiaPhos said it is discussing the implications with the vendor ahead of the term sheet’s extended termination date of 30 March 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AsiaPhos Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: BJW5EUS3JP1NA0CS) on February 20, 2026, and is solely responsible for the information contained therein.

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The vendor told AsiaPhos it still intends to proceed if the injunction is lifted, and AsiaPhos said it is discussing the implications with the vendor ahead of the term sheet’s extended termination date of 30 March 2026.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AsiaPhos Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. 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