Molecor Tecnologia, S.L. entered into a Sale and Purchase Agreement to acquire 72.27% stake in Molecor (Sea) Sdn. Bhd from FITTERS Diversified Berhad (KLSE:FITTERS) for MYR 9 million on July 29, 2022. Molecor Tecnologia, S.L. will acquire 79.5 million shares of Molecor (Sea) Sdn. Bhd. In related transaction the Seller will enter into a land sale and purchase agreement in respect of the acquisition by United Sapphire Sdn. Bhd. The proceeds from the Proposed Disposal will be utilized for the Company's working capital purposes.

Molecor Tecnologia, S.L. completed the acquisition of 72.27% stake in Molecor (Sea) Sdn. Bhd from FITTERS Diversified Berhad (KLSE:FITTERS) on October 12, 2022.