Standard Engineering Technology Limited’s board has approved a strategic investment of up to Japanese Yen 3,152 million (approximately ?1,860 million) to acquire a controlling 51.07% stake in GL HAKKO Co., Ltd., a Japan-based process equipment manufacturer. The investment aims to strengthen the company's technological capabilities and expand its global product portfolio by leveraging GL HAKKO's proprietary glass-lining technologies. This move will provide Standard Engineering Technology access to key international markets including Japan, China, Thailand, the United States, Europe, and Southeast Asia.The acquisition will be executed in two phases. Phase I involves the subscription of up to 19.19% of the issued…