Hextar Holdings Sdn Bhd. agreed to acquire unknown minority stake in Channel Legion Sdn Bhd from Hextar Technologies Solutions Berhad (KLSE:HEXTECH) for MYR 4.9 million on June 28, 2023. Hextar Holdings Sdn Bhd.

acquired 0.25 million shares in Channel Legion Sdn Bhd. Hextar Holdings Sdn Bhd with this transaction along with a subscription agreement acquiring 100% equity interest in CLSB for a total consideration of MYR 16.70 million. Transaction is subject to approval from Board of director's of Channel Legion Sdn Bhd, Hextar Technologies Solutions Berhad and Hextar Holdings Sdn Bhd.

Transaction is subject to approval from shareholder's of Hextar Holdings Sdn Bhd and Hextar Technologies Solutions Berhad. Transaction is subject to Third party approval and regulatory approval.