Sunshine Ventures Pte. Ltd entered into an agreement to acquire 3.2% stake in Grand Venture Technology Limited (Catalist:JLB) from Metalbank Singapore Pte. Ltd. for SGD 2.5 million on January 14, 2021. As part of the transaction, Sunshine Ventures purchased 7.52 million shares of Grand Venture Technology Limited at SGD 0.33 per share. Following completion, Saw Yip Hooi (Group Senior Director of Sales (Malaysia)) is expected to receive a portion of the sale proceeds in his capacity as shareholder of Metalbank and his shareholding in Metalbank will be reduced. Sunshine Ventures Pte. Ltd completed the acquisition of 3.2% stake in Grand Venture Technology Limited (Catalist:JLB) from Metalbank Singapore Pte. Ltd. on January 14, 2021.