Cremorne Capital Fund Management Limited entered into an agreement to acquire 8% stake in United Industries Holdings Sdn. Bhd. from Atlan Holdings Bhd (KLSE:ATLAN) for approximately MYR 8 million on June 18, 2019. Cremorne Capital Fund Management Limited will acquire 3 million shares of United Industries Holdings Sdn. Bhd. at a price of MYR 2.65 per share. Upon completion of the transaction, Atlan Holdings Bhd will hold 92% equity interest and Cremorne Capital Fund Management Limited will hold 8% equity interest in United Industries Holdings Sdn. Bhd. For the year ended February 28, 2018, United Industries Holdings Sdn. Bhd. reported total revenue of MYR 175.5 million, total common equity of MYR 27.7 million. The transaction is subject to approval from Board of Directors of Atlan Holdings Bhd. Transaction is expected to be completed in third quarter of 2019.