UWC Berhad along with Boon Che Kwang and Tan Yoo Heng entered into a non-binding term sheet to acquire MCE Technologies Sdn. Bhd and MCT (Thailand) Co., Ltd from MCE Technologies Holdings Pte. Ltd. for SGD 5.3 million on June 16, 2023. The Purchase Price is expected to be satisfied by cash through internally generated funds of UWC Berhad. As of December 31, 2022, MCE Technologies Sdn. Bhd and MCT (Thailand) Co., Ltd reported combined revenue of SGD 60 million, net loss of SGD 1 million and net assets of SGD 27 million. The deal is subject to approval from board of directors of UWC Berhad and consummation of due diligence. As on September 22, 2023 the parties entered into a sale and purchase agreement, the proposed Disposal is subject to the approval of the shareholders of Meta health limited. The Company intends to utilize the entire Net Proceeds from the Proposed Disposal for general corporate and working capital purposes of the Group.

UWC Berhad along with Boon Che Kwang and Tan Yoo Heng completed the acquisition of MCE Technologies Sdn. Bhd and MCT (Thailand) Co., Ltd from MCE Technologies Holdings Pte. Ltd. on November 8, 2023.