Lebo Design Sdn Bhd agreed to acquire an additional 21% stake in Leyo Holdings Sdn Bhd from LY Corporation Limited (Catalist:1H8) for MYR 1 on January 17, 2025. Upon completion, Lebo Design Sdn Bhd will own 68% stake in Leyo Holdings Sdn Bhd. For the period ending June 30, 2024, Leyo Holdings Sdn Bhd reported net income of MYR 0.52 million.

The Proposed Disposal of 210,000 ordinary shares in Leyo Holdings representing 21% of the total issued share capital of Leyo Holdings will be executed in two tranches. Tranche 1 comprises the disposal of 40,000 ordinary shares in Leyo Holdings representing 4% of the total issued share capital. Tranche 2 comprises the disposal of 170,000 ordinary shares in Leyo Holdings representing 17% of the total issued share capital of Leyo Holdings. Tranche 1 shall be conditional on Leyo Holdings having made part repayment to the Company such that amount of the outstanding loans and all interest accruing after repayment shall amount to RM5,000,000.00 or less. Tranche 2 shall be conditional upon Leyo Holdings having fully repaid the outstanding balance of the loans and all interest accruing within 3 years of the fulfilment of the above conditions.