LGMS Berhad informed that it has entered into a conditional share sale agreement to acquire a 27.0% equity interest in Antarex Holdings Sdn Bhd for a purchase consideration of RM22.68 million. This acquisition follows a Memorandum of Understanding (MOU) signed on April 9, 2025, which aimed to explore both a strategic collaboration and the proposed equity acquisition.
The Proposed Acquisition is contingent upon the completion of an internal reorganization within AHSB, which will see AHSB acquire the entire equity interest in Antarex Cyber Pte Ltd and IPDC Solutions Pte Ltd (IPDC). Upon the completion of this “Pre-Acquisition Restructuring,” ACPL and IPDC will become wholly-owned subsidiaries of AHSB, forming the “Enlarged AHSB Group.”
The Board of Directors of LGMS highlighted that the strategic collaboration between LGMS and AHSB is expected to “unlock significant growth potential and synergies.” A key benefit for LGMS will be leveraging AHSB’s existing regional market presence to introduce its award-winning cybersecurity solution, StarSentry, to a broader client base across Southeast Asia.
StarSentry, developed by LGMS subsidiary Applied Security Intelligence Sdn Bhd (ASI), is a plug-and-play cybersecurity solution primarily designed for small and medium-sized enterprises (SMEs) and even larger enterprises. It offers automated vulnerability assessment and proactive threat detection, including a “honeypot” trap feature for early threat identification. StarSentry has been recognized, notably as “Best Cyber Security Product” for two consecutive years at CyberDSA 2023 and 2024.
Conversely, AHSB is also set to gain from the acquisition through the integration of StarSentry into its current suite of cybersecurity solutions. This integration is anticipated to create a more “robust, comprehensive and unified cybersecurity defence system.”
The formal SSA solidifies the intent previously outlined in the MOU, providing a clear path for LGMS to expand its reach and enhance its cybersecurity offerings through this strategic investment.
