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icapital.biz / corporate news / HUAYANG / Proposed acquisition
Its wholly owned subsidiary, Prisma Pelangi S/B has entered into a conditional share sale agreement with Fantastic Realty S/B, Lee Shu Shun, Lee Kok Meng, Yap Fatt Thai, Kok Sew Hong, Kok Sew Hwa for a proposed acquisition of 66.89 mln ordinary shares in Magna Prima Bhd (MPB), representing approximately 20.12% of equity interest in MPB for a total consideration of RM123.7 mln or RM1.85 per MPB sale share.