IT SEA Holdings Sdn Bhd has entered into letter of intent on March 19, 2024. The company issued 6,193,000 at issue price of RMD 1.211045 per share for gross proceeds of RMD 7.5 million. .

The transaction included participation from new investor Bonia Corporation Berhad. Bonia Corporation Berhad will acquire 30% stake in the company.