Aeriel Huang, Tzu-Yun, Tan Wei Sun, Wisun Soon and Chee Ken Jie entered into an agreement to acquire Oasis Capital Investment Bank Ltd from Green Packet Berhad (KLSE:GPACKET) for MYR 23 million on March 7, 2023. Buyer will acquire 2.389349 million shares of Oasis Capital Investment Bank. The obligations of Green Packet Berhad and the Purchaser under share sale agreement are in all respects conditional upon the following conditions precedent being fulfilled or waived on or before the date falling thirty (30) days from the date of the SSA or by such later date(s) as the parties hereto may mutually agree in writing: Green Packet Berhad shall have obtained the necessary approvals including but not limited to its Board of Directors for the sale of the Sale Shares upon the terms and conditions of the SSA, Oasis Capital Investment Bank shall have obtained the prior approval from the Labuan FSA for the change in Oasis Capital Investment Bank?s shareholder pursuant to the acquisition, The approval from Labuan Offshore Financial Services Authority for the appointment of the new directors and directors cum Principal Officer nominated by the Purchaser to the Board of OCIB. The Disposal of Sale Shares is not subject to the approval of GPB?s shareholders. However, it is subject to the approval from Labuan Offshore Financial Services Authority. The transaction is expected to be complete in the 2nd quarter of 2023.

Aeriel Huang, Tzu-Yun, Tan Wei Sun, Wisun Soon and Chee Ken Jie cancelled the acquisition of Oasis Capital Investment Bank Ltd from Green Packet Berhad (KLSE:GPACKET) on November 15, 2023.