EITA Resources Berhad (KLSE:EITA) agreed to acquire 13.33% stake in Transsystem Continental Sdn. Bhd. from Anuar Bin, Said Ahmad and Leong Kee Chan for MYR 0.30 million on November 25, 2015. EITA Resources Berhad will acquire 0.12 million shares. Additionally, EITA Resources will subscribe for 1.05 million shares of TCSB at a cash consideration price of MYR 1.05 million. The deal will be financed from internally generated funds. The transaction is subject to due diligence and sellers and TCSB obtaining the approval of financiers of TCSB. The transaction is expected to close in 3 months.

EITA Resources Berhad (KLSE:EITA) completed the acquisition of 13.33% stake in Transsystem Continental Sdn. Bhd. from Anuar Bin, Said Ahmad and Leong Kee Chan on January 15, 2016.