Ewein Berhad (KLSE:EWEIN) entered into a share sale agreement to acquire VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee for MYR 32 million on May 15, 2024. The consideration will be paid by the way of cash and issuance of Ewein shares. The Cash Consideration shall be financed via the internally generated funds of Ewein. The deal is subject to approval from shareholders and board of directors of Ewein, regulatory approval, and consummation of due diligence. The deal is expected to be completed by the second half of 2024. Bursa Malaysia Securities Berhad resolved to approve the listing and quotation of 17.978 minion new ordinary shares to be issued pursuant to the acquisition which is subject to multiple conditions. As of June 28, 2024, all the conditions precedent as set out in the agreement for the VSS acquisition has been fulfilled. MainStreet Advisers Sdn Bhd acted as financial advisor and UOB Kay Hian Securities (M) Sdn Bhd. acted as due diligence provider to Ewein.

Ewein Berhad (KLSE:EWEIN) completed the acquisition of VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee on July 15, 2024.