HONGLEE GROUP (M) SDN. BHD. announced that it will issue 10,000,000 shares at MYR 1 per share for gross proceeds of MYR 10,000,000 on January 4, 2013. The transaction will see participation from new investors A-Rank Berhad for 4,950,000 shares for 55% stake and Apresi Sdn Bhd for 4,050,000 shares for 45% stake. The transaction is expected to be completed by the first quarter of 2013.

On the same day, the board of directors of the company approved the transaction.

On January 7, 2013, the company closed its first tranche. The company issued 549,998 shares to A-Rank Berhad.