BSEC clears Walton Digi-Tech and Hi-Tech merger

The proposed merger between listed electronics manufacturer Walton Hi-Tech Industries and non-listed technology company Walton Digi-Tech Industries has moved a step closer after the securities regulator issued a formal clearance.

According to a disclosure made today (15 March), the Bangladesh Securities and Exchange Commission issued a No Objection Certificate regarding the merger.

Under the proposed scheme, Walton Hi-Tech Industries will act as the acquiring company, while Walton Digi-Tech Industries will be the acquiree. The merger will become effective after receiving approval from the High Court Division of the Supreme Court, along with consent from creditors, general shareholders, and other relevant regulatory authorities.

The merger is aimed at expanding business operations, reducing operational costs, improving efficiency, and strengthening Walton's competitive position in the technology and electronics sector.

For this purpose, a Memorandum of Understanding was signed between the two Walton Group companies on 3 September 2025. On the same day, Walton Hi-Tech's 46th board meeting approved the memorandum.

On the Dhaka Stock Exchange, Walton Hi-Tech's share price closed at Tk385.40 yesterday, reflecting a marginal decline of 0.46%.

According to the company, the merger will add a wide range of high-tech products to Walton Hi-Tech's portfolio, including laptops, desktop computers, mobile phones, printed circuit boards, and electric bikes.

This integration is expected to significantly enhance the company's operational capacity, broaden its market reach, and lower operational costs. Industry insiders say the move could also strengthen Bangladesh's electronics manufacturing ecosystem and help position the country as a hub for high-tech and digital product manufacturing.

Currently, Walton Digi-Tech produces and markets 123 types of high-tech products and accessories, including laptops, desktop computers, printers, mobile phones, printed circuit boards, and electric bikes. It is the only company in Bangladesh with manufacturing facilities for both mobile phones and printed circuit boards