Agri Skylight Ltd agreed to acquire 85% stake in BNK Skylight Sdn Bhd on April 23, 2024. The consideration payable by Agri Skylight to the vendors is AUD 20,000 and 918,000 shares in Agri Skylight. The deal is subject to the Agri Skylight shareholders approval and NSX approval.

The agreement is also subject to the completion of satisfactory Agri Skylight due diligence on the target. The completion is proposed for late June 2024.