Aturan Prisma Sdn Bhd entered into a conditional agreement to acquire Xperential Dynamics Sdn. Bhd. from Meda Inc. Berhad (KLSE:MEDAINC) for MYR 7 million on December 30, 2016. As per the terms of agreement Aturan Prisma Sdn Bhd will acquire 4,500 shares representing 100% stake in Xperential Dynamics Sdn. Bhd for cash. The consideration will be satisfied via setting off the debt owed by Meda Inc. Berhad and its subsidiaries to Aturan Prisma Sdn Bhd. As at November 30, 2016, Xperential Dynamics Sdn. Bhd reported net assets of MYR 3.31 million. The transaction is subject to approval by shareholders of Aturan Prisma Sdn Bhd and is not subject to the approval of the shareholders of Meda. The total proceeds from the transaction will be utilized by Meda Inc. Berhad to partially set off against the said debt owed to Aturan Prisma Sdn Bhd. The disposal will result in the Meda Group realising a gain of approximately MYR 3.6 million. Aturan Prisma Sdn Bhd completed the acquisition of Xperential Dynamics Sdn. Bhd. from Meda Inc. Berhad (KLSE:MEDAINC) on January 6, 2017.