HLT Global Berhad (KLSE:HLT) agreed to acquire 5% stake in HL Rubber Industries Sdn Bhd from Lau Siong Hut for MYR 11.6 million on January 14, 2021. As per the terms, HLT will acquire 0.53 million shares and will issue 10 million shares. In a related transaction, HLT Global Berhad agreed to acquire a 40% stake in HL Rubber Industries Sdn Bhd from Hup Lek Engineering & Trading Sdn. Bhd., Suntel International Co. Ltd. and Teng Kok Fah. The transaction is subject to approval of offer by HLT Global Berhad shareholders and listing/approval of new shares on stock exchange. As of February 8, 2021, Bursa Malaysia Securities Berhad approve the listing of 90,000,000 new ordinary shares in HLT for the proposed acquisitions. The transaction shall take place within 30 days from the date of the share sale agreement becomes unconditional. Ong Tee Chin and Khairil Anuar bin Mohd Nor of Asia Equity Research Sdn. Bhd. and KAF Investment Bank Berhad acted as a financial advisor to the HLT Global Berhad. HLT Global Berhad (KLSE:HLT) completed the acquisition of 5% stake in HL Rubber Industries Sdn Bhd from Lau Siong Hut on April 5, 2021. KAF Investment Bank Berhad wishes to announce that 90 million new ordinary shares in HLT, which were issued pursuant to the Proposed Acquisition, have been successfully listed and quoted on the ACE Market of Bursa Malaysia Securities Berhad.