Notion VTec Berhad (KLSE:NOTION) entered into a settlement agreement to acquire the remaining 30% stake in Swiss Impression Sdn. Bhd. from Foo Kee Pack and Yong Kim Seng for MYR 0.25 million in cash on November 20, 2012. Notion VTec will acquire 0.15 million shares of Swiss Impression. The deal is not subject to the approval of shareholders of Notion VTec or any other governmental authorities. The Directors of Notion VTec consider the proposed settlement as fair and reasonable and is in the best interests of Notion VTec and its subsidiaries. The proposed settlement will not have any effect on the issued and paid-up share capital and on the substantial shareholders' shareholdings of Notion VTec. There will be no effect on the earnings per share, net assets per share and gearing of Notion VTec for the financial year ending September 30, 2013.

Notion VTec Berhad (KLSE:NOTION) completed the acquisition of remaining 30% stake in Swiss Impression Sdn. Bhd. from Foo Kee Pack and Yong Kim Seng on January 14, 2013.