Oceancash Felts Sdn. Bhd, Oceancash Nonwoven Sdn. Bhd and Oceancash Pacific Berhad (KLSE:OCNCASH) acquired Oceancash (Thailand) Co. Ltd from Wong Yoke Loy, Azilawati Binti Aman and Khairunnisa Binti Arshad for THB 2.7 million on January 7, 2019. Under the terms, Oceancash Felts, Oceancash Nonwoven and Oceancash Pacific Berhad acquired 0.03 million shares representing 100% equity interest in the issued and paid-up share capital of Oceancash Thailand. Oceancash Felts Sdn. Bhd, Oceancash Nonwoven Sdn. Bhd and Oceancash Pacific Berhad acquired 0.03 million shares (99.99%), 1 share and 1 share respectively and Wong Yoke Loy, Azilawati Binti Aman and Khairunnisa Binti Arshad sold 0.03 million shares (99.99%), 1 share and 1 share respectively in Oceancash (Thailand). The transaction was funded through Oceancash Pacific internally generated funds. Upon completion of the acquisition, Oceancash Thailand become a wholly owned subsidiary of Oceancash Pacific Berhad. The transaction is not subject to the approval of the shareholders of Oceancash Pacific or any governmental authorities. The transaction will not have any material impact on the issued share capital, net assets, earnings, gearing and substantial shareholders’ shareholding of the Oceancash Pacific. Oceancash Felts Sdn. Bhd, Oceancash Nonwoven Sdn. Bhd and Oceancash Pacific Berhad (KLSE:OCNCASH) completed the acquisition of Oceancash (Thailand) Co. Ltd from Wong Yoke Loy, Azilawati Binti Aman and Khairunnisa Binti Arshad on January 7, 2019.