Sabuy Technology Public Company Limited (SET:SABUY) agreed to acquire a 5% stake in GHL Systems Berhad (KLSE:GHLSYS) for MYR 57.1 million on December 9, 2022. Under the terms, 57.07 million shares of GHL Systems shares will be acquired. Consideration funds will be managed from Cash flow within the Sabuy Technology and/or proceed from loan from Securities Company in Malaysia where the Sabuy Technology pledge its equity assets as security for such loan facilities.

The transaction will be made through Bursa Malaysia (“KLSE”) main board. Sabuy Technology's board approved the transaction.