Under a proposed reverse takeover deal, Juken will be paying $95.1 million for an 80.1% stake in Malaysia's Cubic Electronics Sdn Bhd, which makes sound cards and MP3 players for Creative Technology.

Juken is buying the stake from Goh Seng Chong, who will be issued 543.3 million new Juken shares at $0.175 apiece. The consideration shares represent about 79.82% of Juken's enlarged share capital.

Juken is also proposing a placement of up to 22.89 million new shares representing 20% of the existing issued and paid-up shares of the company. The placement shares are priced at $0.1908 cents each and will raise gross proceeds of up to about $4.4 million, which Juken plans to use to fund the expansion of its business and as working capital.