Razer to delist and go private this month

95% of the gaming tech firm's shareholders voted for its privatization after being public since 2017

Last week, a majority of shareholders for gaming tech firm Razer voted to take the company private.

As reported by Vulcan Post, the privatization deal is estimated to be completed by the end of the month and the outfit will be delisted on the Hong Kong Stock Exchange (HKSE).

Razer founder and CEO, Tan Min Liang formally announced on LinkedIn the news of the company going private.

"I am pleased that the privatization of Razer has been approved by the company's shareholders with 94.74 per cent of the votes cast by disinterested shareholders at the court meeting being in favor of the scheme," he said.

Founded in 2005, Razer has gone on to sell gaming hardware, software, and services. The company filed for public offerings on the HKSE during the year of 2017.

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