Pang Kim Moon entered into a Shares Sale Agreement to acquire 40% stake in Viewnet Computer System Sdn. Bhd. from Harvest Miracle Capital Berhad (KLSE:HM) for MYR 14 million on September 20, 2023. As part of the agreement, Pang Kim Moon will acquire 1,358,346 ordinary shares in Viewnet Computer System for a total cash consideration of MYR 14 million. VCS will become a 60% owned subsidiary of HMCB after the Proposed Disposal. As of financial year, ended March 31, 2023, Revenue of MYR 126.08322 million, Loss after tax MYR 1.579906 million and Net assets MYR 9.133298 million. The transaction is subject to completion of due diligence investigation and obtained the approval of its board of directors of purchaser. The proposed disposal is expected to be completed by the fourth quarter of the calendar year 2023.

Pang Kim Moon completed the acquisition of 40% stake in Viewnet Computer System Sdn. Bhd. from Harvest Miracle Capital Berhad (KLSE:HM) on October 11, 2023.