Integrated Manufacturing Solutions Sdn Bhd entered into a heads of agreement to acquire Denko Industrial Corporation Berhad (KLSE:DENKO) from Foo Chee Juan and Grace Foo Hui Ting and other investors in a reverse merger transaction on October 23, 2017. Integrated Manufacturing Solutions Sdn Bhd entered into share sale agreement to acquire Denko Industrial Corporation Berhad (KLSE:DENKO) from Foo Chee Juan and Grace Foo Hui Ting and other investors in a reverse merger transaction on November 21, 2017. Under the terms of the transaction, Denko Industrial Corporation Berhad will acquire for 6.2 million shares of Integrated Manufacturing Solutions Sdn Bhd. Denko Industrial Corporation Berhad will issue 107 million new shares and 925.1 million rights of allotment as consideration. In a related transaction, Denko Industrial Corporation Berhad will conduct a private placement of 232 million shares. The transaction is subject to definitive agreement, consummation of due diligence, approval of shareholders of Denko, and approval of Bursa Securities for the listing of shares. As of January 12, 2018, extraordinary general meeting of Denko Industrial Corporation Berhad to be held on January 29, 2018. On January 29, 2018, shareholders of Denko Industrial Corporation Berhad approved the transaction in the extraordinary general meeting. On January 30, 2018, the agreement has become unconditional. The transaction is expected to close in February, 2018. AmInvestment Bank Berhad acted as financial advisor to Denko Industrial Corporation Berhad. FHMH Corporate Advisory Sdn Bhd has been appointed as fairness opinion advisor to non-interested shareholders of Denko Industrial Corporation Berhad. Integrated Manufacturing Solutions Sdn Bhd completed the acquisition of Denko Industrial Corporation Berhad (KLSE:DENKO) from Foo Chee Juan and Grace Foo Hui Ting and other investors in a reverse merger transaction on February 5, 2018.