Efficient E-Solutions Berhad (KLSE:EFFICEN) entered into a non-binding letter of intent to acquire FCS International Sdn. Bhd. from Lim Choon Chai and Lim Kui Tze on June 23, 2022. Prior to transaction, Lim Choon Chai owns a 99% stake and Lim Kui Tze owns a 1% stake in FCS International and upon completion, it will be wholly owned by Efficient. The transaction is subject to due diligence review and shall be subject to the terms and conditions of the definitive agreement between the parties which may or may not be entered into in relation to the proposed acquisition. The proposed acquisition, if materialized, will complement Efficient's existing business portfolio.

Efficient E-Solutions Berhad (KLSE:EFFICEN) completed the acquisition of FCS International Sdn. Bhd. from Lim Choon Chai and Lim Kui Tze on May 9, 2023.