HLT Global Berhad (KLSE:HLT) agreed to acquire an 20% stake in Triple Care Gloves Sdn Bhd from Snicom Sdn Bhd, CWK & Mount Sing Sdn Bhd, Alcor Corporation (M) Sdn Bhd and Lordtech Specialty Sdn Bhd on January 3, 2024. Prior to the transaction, HLT Global Berhad (KLSE:HLT) held 80%. The proposed acquisition of 600,000 ordinary shares in Triple Care Gloves Sdn Bhd (?Triple Care?) (?Sale Shares?), representing the remaining 20% equity interest in Triple Care not owned by HLT, for a total purchase consideration of RM0.6 million to be fully satisfied via the issuance of 2,605,297 new ordinary shares in HLT (?HLT Shares?

or ?Shares?) at an issue price of RM0.2303 each (?Proposed Acquisition?). The Proposals are expected to be completed by the 1st quarter of 2024. Mercury Securities acted as Financial advisor to HLT Global Berhad (KLSE:HLT).