i-Global Holdings Limited (NSX:IGH) signed a non-binding term sheet to acquire 49% stake in Ferlab Sdn. Bhd. for AUD 0.61 million on October 14, 2022. The consideration will be paaid by issuing 12.25 million by issuing The transaction is subject to shareholder approvals and NSX approvals. The transaction is expected to close on February 2023. The transaction is subject to due diligence on Ferlab. i-Global Holdings has completed the pre-Transaction capital raising of AUD 0.3 million via the issue of convertible notes to a professional and sophisticated investors. The transaction is expected to close in May 2023. As of March 31, 2023, due diligence was completed on Ferlab Sdn. Bhd. The deal is expected to close in June 2023. As of January 23, 2024 National Stock Exchange of Australia has granted conditional approval to the transaction.

Agri Skylight Ltd completed the acquisition of 49% stake in Ferlab Sdn. Bhd. on April 30, 2024.