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Seni Jaya Corporation Berhad announced that its wholly owned subsidiary has entered into a Shares Sale and Purchase Agreement with Dwi Mewah Sdn. Bhd. to acquire 100% equity interest in another out-of-home company, Ganad Media Sdn. Bhd.

The purchase consideration for the stake was RM5 million to be settled through a combination of cash and new shares.

Under the terms of the agreement, SJCB will pay RM3 million in cash. The remaining RM2 million will be satisfied through the issuance of 4,950,495 new ordinary shares in SJCB to the seller, Dwi Mewah Sdn Bhd. These new shares will be issued at a price of RM0.4040 each.

The acquisition marks a significant milestone in Seni Jaya’s growth journey, enabling the Group to further expand its customer base, diversify its product offerings, and reinforce its market leadership in the OOH industry.

Mr. Jeff Cheah See Heong, Chief Executive Officer of Seni Jaya Corporation Berhad commented, “This acquisition represents a strategic expansion for Seni Jaya. Ganad Media brings with it a legacy of premium sites, a strong reputation in the industry, and valuable client relationships. By combining our expertise, we aim to deliver even more impactful advertising solutions and unlock synergies that will elevate our market position.”

He further noted, “Ganad Media’s portfolio, particularly its landmark sites in Kuala Lumpur, will complement our existing assets and create a stronger, more diversified platform for clients. This move is not only about expanding scale, but also about elevating the quality and impact of our OOH offerings.

Seni Jaya said it seeks to capture new growth opportunities and deliver long-term, sustainable value to its stakeholders.

Seni Jaya’s share price closed at RM0.42, showcasing a market capitalisation of RM89.7 million.