Integrated Fyntech Sdn Bhd entered into an agreement to acquire Eduspec HK Limited Cloud, Direct Sdn Bhd and Eduspec Pte Ltd from Eduspec Holdings Berhad (KLSE:EDUSPEC) for MYR 0.5 million on November 29, 2022. The consideration for the purchase of the Sale Shares shall be the sum of MYR 0.5 million. The proceeds derived from the Proposed Disposal will be utilised as working capital within 3 months from the date of completion of the Proposed Disposal. The Proposed Disposal is not subject to the approval of the shareholders of the Company or any governmental authorities. Barring unforeseen circumstances, the Board of Directors of EHB expects the Proposed Disposal to be completed by December 31, 2022.

Integrated Fyntech Sdn Bhd completed the acquisition of Eduspec HK Limited Cloud, Direct Sdn Bhd and Eduspec Pte Ltd from Eduspec Holdings Berhad (KLSE:EDUSPEC) on December 13, 2022.