AIA engineering subsidiary boosts stake in Australian mining firm VMPS to 70%

AIA Engineering Limited announced today, December 10, 2025, that its subsidiary, Vega ME, has acquired an additional 14% stake in VEGA MPS PTY LIMITED (VMPS), Australia, for AUD 5,639,184. This transaction completes Vega ME's acquisition of 70% of VMPS shares, fulfilling the terms of an agreement dated August 3, 2023.

The acquisition strengthens AIA Engineering's Mining Liner Business, as VMPS specializes in the design, supply of mining liners and other parts, process engineering, project management, and quality control for the mineral processing industry. VMPS, incorporated on June 28, 2023, saw its entire business transferred from Mining Products and Service Pty. Ltd. during FY 2023-24.

VMPS reported a turnover of AUD 34.25 million and a profit of AUD 5.92 million for FY 2024-25. The transaction, considered a related party transaction, was executed at arm's length.