Hua Hing Seafood entered into an agreement to acquire Asia City Property from Amanah Harta Tanah PNB (KLSE:AHP) for MYR 1.8 million on August 9, 2020. The proceeds will be utilized to pare down the existing borrowings of Amanah Harta Tanah PNB. The transaction is expected to be completed by the first quarter of year 2020. Hua Hing Seafood completed the acquisition of Asia City Property from Amanah Harta Tanah PNB (KLSE:AHP) on February 29, 2020.