Paul Anthony Montague entered into a share sale and purchase agreement to acquire UMW Australia Ventures (L) Ltd. from UMW Holdings Berhad (KLSE:UMW) for AUD 2 on January 11, 2019. Under the terms, Paul Anthony Montague will acquire 1.4 million shares of UMW Australia Ventures (L) Ltd. Post completion, UMW Australia Ventures (L) Ltd. and its subsidiaries will cease to be subsidiaries of UMW Holdings Berhad.