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Citaglobal reduces Zeqna acquisition price to RM14.5mil

PRIVATEOct 09, 2026

Acquiring Company

Citaglobal Bhd

Acquired Company

Zeqna Corporation Sdn Bhd

Petaling JayaMalaysiaEnergyRenewable EnergyBiomass EnergyEnergyRenewable EnergyBiomass Energy

Description

Citaglobal Bhd has revised its acquisition plans for a 70% stake in Zeqna Corporation Sdn Bhd, lowering the purchase price to RM14.5 million. The acquisition will provide Citaglobal with control over an operating hydropower plant in Perak. A portion of the payment has already been made, with the remaining amount due by late 2026. This move is part of Citaglobal's strategy to enhance its renewable energy portfolio.

Company Information

Company

Citaglobal Bhd

Location

Petaling Jaya, Selangor, Malaysia

About

Citaglobal Bhd is a Malaysian company engaged in renewable energy and sustainable development projects. The company focuses on building and operating renewable energy facilities. Its subsidiary is involved in power generation from hydropower plants. Citaglobal aims to enhance its operations through strategic acquisitions.

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Frequently asked

Who acquired Zeqna Corporation Sdn Bhd?

Zeqna Corporation Sdn Bhd was acquired by Citaglobal Bhd, based in Petaling Jaya. The deal was reported on October 9, 2026. Citaglobal Bhd is a Malaysian company engaged in renewable energy and sustainable development projects. The company focuses on building and operating renewable energy facilities. Citaglobal Bhd is privately held and operates in Energy.

When did Citaglobal Bhd acquire Zeqna Corporation Sdn Bhd?

Citaglobal Bhd's acquisition of Zeqna Corporation Sdn Bhd was reported on October 9, 2026. Citaglobal Bhd has revised its acquisition plans for a 70% stake in Zeqna Corporation Sdn Bhd, lowering the purchase price to RM14.5 million. The acquisition will provide Citaglobal with control over an operating hydropower plant in Perak. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Zeqna Corporation Sdn Bhd do?

Zeqna Corporation Sdn Bhd operates a hydropower plant in Malaysia. The company focuses on renewable energy solutions and contributes to sustainable energy production. It specializes in running small-scale hydropower projects. It is privately held, operating in Energy, and is based in Malaysia.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.