Nova Pharma Solutions Berhad (KLSE:NPS) entered into an agreement to acquire remaining 49% stake in NOVA HITECH SOLUTIONS SDN. BHD from ACARA JUARA SDN BHD for MYR 0.05 million on October 30, 2020. Under the terms, Nova Pharma Solutions Berhad will acquire 49,000 shares of NOVA HITECH SOLUTIONS SDN. BHD. Post completion, NOVA HITECH SOLUTIONS SDN. BHD will become a wholly owned subsidiary of Nova Pharma Solutions Berhad. The transaction was funded via internally generated funds of Nova Pharma Solutions Berhad. NOVA HITECH SOLUTIONS SDN. BHD reported net liability of MYR 0.08 million as of June 30, 2020. The acquisition is not expected to have material effect on the consolidated earnings of Nova Pharma Solutions Berhad for the financial year ending December 31, 2020. Nova Pharma Solutions Berhad (KLSE:NPS) completed the acquisition of remaining 49% stake in NOVA HITECH SOLUTIONS SDN. BHD from ACARA JUARA SDN BHD on October 30, 2020.