Lee Ming Tee, Lee Seng Hui and Lee Seng Huang intends to acquire remaining 49.98% stake in Mulpha International Bhd for approximately MYR 360 million on September 23, 2022 . Under the terms, Lee Ming Tee, Lee Seng Hui and Lee Seng Huang will pay MYR 2.30 per share for the transaction. Transaction is expected to close on November 4, 2022.

UOB Kay Hian Securities (M) Sdn Bhd acted as a prinicpal advisor to Lee Ming Tee, Lee Seng Hui and Lee Seng Huang. MainStreet Advisers Sdn Bhd acted as a financial advisor to Mulpha International.