Silq (malaysia) Sdn. Bhd. announced a private placement of 502,500 shares at MYR 1 per share for gross proceeds of MYR 502,500 on January 2, 2014. The shares were subscribed by existing investor IQ Group Holdings Berhad which acquired 1% stake. The investor now holds a 51% stake in the company.

On January 2, 2014, Silq (malaysia) Sdn. Bhd. closed the transaction.