BSL Corporation Berhad (KLSE:BSLCORP) entered into a Memorandum of Understanding to acquire an unknown stake in SD Unify Pte Ltd from Jerry Tan Gim Moh and Tan Hoon Bee on September 3, 2021. The proposed acquisition is expected to dovetail with BSL Corporation Berhads last Friday announcement on the proposed private placement to enhance and expand the existing semiconductor manufacturing capacity. The transaction would be financed by BSL Corps internal cash and partly from the private placement of up to 58.8 million new BSL Corp shares. The Memorandum of Understanding is for a period of three months and both parties are expected to sign a definitive agreement within that period. The Board of Directors of BSL Corporation Berhad approved the transaction. As of September 17, 2021, The transaction will be funded entirely from internally generated funds of the Company.