Global Oriental Berhad (KLSE:GOB) agreed to acquire 45% stake in Edisijuta Parking Sdn Bhd from Woo Hin Weng, Mohd Yusof Bin Yaacob, Indran A/L Gnanamoorthy and Grace Sharmine A/P S.T. Stephens for MYR22.5 million on January 5, 2024. The purchase price shall be satisfied through the combination of internally generated funds and or bank borrowings. The Global Oriental Berhad (KLSE:GOB) shareholders at an EGM of the Company to be convened. Proposals are expected to be completed in the first quarter of 2024. As of March 4, 2024, the conditions have been completed for transaction.

UOB Kay Hian Securities (M) Sdn Bhd. acted as financial advisor to Global Oriental Berhad. Messrs Abdul Raji & Co acted as accountant to Edisijuta Parking for MYR 37,000.

Global Oriental Berhad (KLSE:GOB) completed the acquisition of 45% stake in Edisijuta Parking Sdn Bhd from Woo Hin Weng, Mohd Yusof Bin Yaacob, Indran A/L Gnanamoorthy and Grace Sharmine A/P S.T. Stephens on March 11, 2024.