Dato Lee Wai Mun made an offer to acquire additional 44.12% stake in Meta Bright Group Berhad (KLSE:MBRIGHT) for MYR 60.14 million on August 30, 2022. The offer per share is MYR 0.070. Dato lee already holds 994,601,124 shares out of total issued 1947,346,231 shares representing approximately 51.07% stake. Lee Chee Kiang who holds 4.81% stake will not accept the offer as per his irrevocable undertaking. The offer per warrant is MYR 0.005 against the exercise price of MYR 0.085. As of September 19, 2022, UOB Kay Hian Securities (M) Sdn Bhd had, on behalf of MBGB, submitted an application to the SC under subparagraph 1.12 of the Rules to seek the following:- extention of time by 8 days to submit the draft IAC to the SC for comments; and extention of time by 8 days to issue the IAC to the Holders. As of October 7, 2022, closing date of transaction has been extended from October 19, 2022 to October 25, 2022.

Guangdong Haihua Investment Group Co., Ltd. completed the acquisition of additional 0.03% stake in Meta Bright Group Berhad (KLSE:MBRIGHT) for MYR 0.04 million on October 25, 2022.