Absolute Ambient Sdn Bhd entered into a conditional share purchase agreement to acquire 49.57% stake in Damansara Holdings Berhad (KLSE:DBHD) from Seaview holdings Sdn. Bhd for MYR 78.9 million on September 14, 2021. Under the terms of agreement, Seaview holdings Sdn. Bhd will dispose 157.816 million ordinary shares in Damansara representing 49.57% of the issued share capital for MYR 0.5 per share. Upon completion of the Proposed Divestment, Seaview holdings Sdn. Bhd will cease to be shareholders in Damansara. Malacca Securities Sdn Bhd acted as independent advisor to Damansara Holdings Berhad. Absolute Ambient Sdn Bhd completed the acquisition of 49.57% stake in Damansara Holdings Berhad (KLSE:DBHD) from Seaview holdings Sdn. Bhd on December 2, 2021.