Lai Kwok Ching entered into agreement to acquire 15% stake in Alpine Cube Sdn Bhd from Green Packet Berhad (KLSE:GPACKET) for MYR 3.5 million on January 24, 2024. The consideration consists of MYR 3.50 million in cash. Green Packet Berhad will use the procceds from the sale for general working capital.

The transaction is expected to close in the first quarter of 2024. Alpine Cube reported total assets of MYR 24,648,197 and net assets of MYR 20,808,261 as at September 30, 2023.