Majuperak Holdings Berhad (KLSE:MJPERAK) entered into a term sheet to acquire 51% stake in Nexusbase Development Sdn Bhd from Seng Khoon and Norrianne Lau Wei Yee for MYR 12.5 million on January 27, 2021. Majuperak Holdings agrees to pay an indicative purchase consideration amounting to MYR 6.5 million within 5 business days after signing of the definitive share sale agreement, simultaneously with the completion of the transfer of the 51% stake, the Parties will enter into a promissory note for the payment of the balance purchase price of MYR 6 million to be settled by way of cash or MHB's newly issued listed shares or real property, or a combination of any of them, payable within 12 months from the completion of the transfer of the 51% equity interest or the 50% sales of the Project being achieved within 12 months from the date of execution of the agreement. The transaction is subject to execution the definitive agreement. The transaction is not expected to have any material impact on the earnings and earning per share of MHB Group for the financial year ending December 31, 2021. The parties are currently undertaking the necessary due diligence and review on Nexusbase Development Sdn Bhd. As of March 31, 2022 Majuperak Holdings Berhad entered into a Share Sale Agreement with Sloane Infinity Asia Pacific Sdn Bhd for the acquisition of 0.035561 million ordinary shares representing 51% equity interest in Nexusbase Development Sdn Bhd.

Majuperak Holdings Berhad (KLSE:MJPERAK) completed acquisition of 51% stake in Nexusbase Development Sdn Bhd from Seng Khoon and Norrianne Lau Wei Yee on October 7, 2022.