Lee Ming Tee, Lee Seng Hui and Lee Seng Huang intends to acquire remaining 49.98% stake in Mulpha International Bhd for approximately MYR 360 million on September 23, 2022 . Under the terms, Lee Ming Tee, Lee Seng Hui and Lee Seng Huang will pay MYR 2.30 per share for the transaction. Transaction is expected to close on November 4, 2022. UOB Kay Hian Securities (M) Sdn Bhd acted as a prinicpal advisor to Lee Ming Tee, Lee Seng Hui and Lee Seng Huang. MainStreet Advisers Sdn Bhd acted as a financial advisor to Mulpha International.

Lee Ming Tee, Lee Seng Hui and Lee Seng Huang completed the acquisition of 18.3% stake in Mulpha International Bhd for for approximately MYR 130 million on November 4, 2022. Post completion, offeror hold 68.3% stake in Mulpha International. The Company wishes to announce that the public shareholding spread of the Company stood at 23.90% based on the Record of Depositors of the Company as at 4 November 2022 i.e. a shortfall of 1.10% from the minimum requirement of 25%