Law Hee Ling, Lim Lay Fong and Leow Law Li Yion agreed to acquire Guper Resources Sdn. Bhd. from Complete Logistic Services Berhad (KLSE:COMPLET) for MYR 16.9 million on May 7, 2021. The consideration will be paid in tranches. Guper Resources Sdn. Bhd. reported total assets of MYR 34.9 million and net asset of MYR 8.6 million as of December 31, 2020. The transaction is subject to approval of Board of Directors of Complete Logistic Services Berhad, shareholders of Complete Logistic Services Berhad, approval of Law Hee Ling, Lim Lay Fong and Leow Law Li Yion, relevant financier?s consents and other authorities. The Extraordinary General Meeting (EGM) of Complete Logistic Services Berhad (KLSE:COMPLET) will be conducted on September 9, 2021. The transaction is expected to complete by the second quarter of 2022. Proceeds from the disposal will be utilized for future investment, working capital and other estimated. Asia Equity Research Sdn. Bhd. acted as independent financial advisor to the shareholders of Complete Logistic Services Berhad.