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K-One’s RM94 Million GAP Sale to ITOCHU Sharpens Its Capital Allocation Story

By TLA AI Editor3 min read

Petaling Jaya, Malaysia, 4 August 2026 – K-One Technology plans to sell its entire stake in G-AsiaPacific to Japan’s ITOCHU for RM94 million, crystallising value from a cloud-services investment and giving the Malaysian technology group additional capital for its next strategic phase.

K-One originally acquired 60% of G-AsiaPacific for RM20.4 million in 2018 before increasing its ownership. The proposed disposal highlights the appreciation of cloud-infrastructure assets as enterprise digitalisation and artificial-intelligence workloads increase demand for managed services.

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  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.