Watta Holding Bhd (KLSE:WATTA) entered into a sale of shares agreement to acquire remaining 49% stake in Watta Energy (M) Sdn Bhd from Just Creative (M) Sdn Bhd for CNY 0.49 million on November 30, 2016. Under the terms of agreement, Watta Holding will acquire 0.25 million shares. The transaction is funded using cash. Upon completion of acquisition, Watta Energy will become a wholly owned subsidiary of Watta Holding. Watta Energy reported net assets of CNY 0.08 million at September 30, 2016. The acquisition will not have any effect on Watta's issued and paid-up share capital and the shareholding of the substantial shareholders of Watta and is expected to contribute positively to Watta Group’s earnings for the financial year on September 30, 2017. Watta Holding Bhd (KLSE:WATTA) completed the acquisition of the remaining 49% stake in Watta Energy (M) Sdn Bhd from Just Creative (M) Sdn Bhd on January 23, 2017.