KUALA LUMPUR (April 3): EG Industries Bhd (KL:EG) has bought another 17.51% stake in Thailand-listed ND Rubber Public Company Ltd (NDR) for 120 million baht (RM15.6 million). The latest purchase, funded through internally generated cash, lifts EG Industries’ shareholding in NDR to 41.59%, reinforcing its expansion into energy devices, energy generation, and electric vehicle (EV) segments. The company acquired the initial 24.08% stake in NDR in 2024 for 198 million baht (RM26.05 million). For the financial year ended Dec 31, 2025, NDR posted a net profit of 21 million baht on revenue of 937 million baht. EG Industries said the enlarged stake provides a platform to establish a 5G components testing centre in Thailand through NDR’s subsidiary, Xtronic Co Ltd, in collaboration with SMT Industries Co Ltd.

Source: The Edge Markets April 03, 2026 12:09 UTC