CN Asia Corporation Bhd (KLSE:CNASIA) agreed to acquire Southborn Capital Sdn Bhd from Ing Chu Yeong for MYR 0.16 million on April 15, 2021. The consideration will be paid in cash. Upon completion, Southborn Capital Sdn Bhd shall become a wholly-owned subsidiary of CN Asia Corporation Bhd. The Consideration will be sourced through internally generated funds. The Transaction is not subject to the approval of the shareholders of the Company or any government authorities. The transaction is expected to be completed by second quarter of 2021. CN Asia Corporation Bhd (KLSE:CNASIA) completed the acquisition of Southborn Capital Sdn Bhd from Ing Chu Yeong on April 15, 2021. Under the terms of the transaction, CN Asia Corporation Bhd acquired 100 ordinary shares in Southborn Capital Sdn Bhd.