Mr Loh Choon signed a non-binding term sheet to acquire Terratech Resources Pte Ltd from Capital World Limited (Catalist:1D5) on November 15, 2021. MIE corporate holdings sdn bhd and Mr Loh Choon Yow a Malaysian businessman agreed to acquire 100% equity interest in Terratech Resources Pte Ltd from Capital World Limited (Catalist:1D5) for MYR 4.8 million on April 28, 2022. In related transaction MYR 1.6 million to be paid by Mr Loh Choon Yow and MYR 3.2 million to be paid by MIE Corporate Holdings Sdn Bhd. The completion of agreement needs shareholder approval. Completion of agreement is 30 days from the date of the SPA or such extended period as mutually agreed between the partie.The net asset value of the TRPL Group as of 30 June 2021 was MYR 2.49 million, which has been consolidated to the Group's unaudited consolidated financial results for the year ended 30 June 2021.