Diversified Gateway Solutions Berhad (KLSE:DGSB) signed term sheet to acquire 51% stake in Finther Tecnologica Sdn Bhd from Encik Faizal Bin Bahadon and Chan Ming Chong for MYR 7.65 million on November 23, 2021. As of January 4, 2022, Diversified Gateway Solutions Berhad (KLSE:DGSB) entered into a definitive agreement to acquire Finther Tecnologica Sdn Bhd for MYR 7.65 million. In a related transaction, Diversified Gateway Solutions Berhad signed term sheet to acquire 51% stake in Excel Commerce Solutions Sdn Bhd from Lu Khin Phin and Geh Kooi Hong for MYR 4.59 million on November 23, 2021. Consideration shall be payable at completion. Transaction is subject to certain conditions including satisfactory due diligence, approvals from Board of Directors of Diversified Gateway Solutions Berhad and Finther Tecnologica Sdn Bhd and approval of Bursa Securities. Completion date shall be from one month from the date of fulfillment of conditions. As of March 31, 2022. the shareholders of Diversified Gateway have approved the transaction. The transaction is expected to be completed within 14 days. Transaction will not have any effect on share capital, earning per share and net assets.

Diversified Gateway Solutions Berhad (KLSE:DGSB) completed the acquisition of 51% stake in Finther Tecnologica Sdn Bhd from Encik Faizal Bin Bahadon and Chan Ming Chong on May 17, 2022.