Kenanga Investment Bank Berhad (KLSE:KENANGA) entered into a heads of agreement to acquire Tunas Manja Sdn Bhd from Dato' Chin Yoke Kan, Dato' Chin Yoke Choon, Chin Polling, Chin Poh Yung and Chin Poh Yun on August 26, 2022. The Proposed Acquisition is subject to the examination and verification of the financial, legal, business and other affairs of the Target Group by accountants, auditors, valuers and solicitors, or such other professionals appointed by the Company for the purposes of the HOA and the Definitive Agreement, the Company having obtained the approval of its shareholders at an extraordinary general meeting, the Vendors having obtained the approval or consent of the financiers/creditors of the Target Group, the Vendors having obtained the approval or consent of any other party which has entered into any subsisting arrangement, contract or undertaking or guarantee with or involving the Target Group, the Company having obtained the approval of Bursa Malaysia Securities Berhad,and the Company having obtained the approval of Securities Commission
Malaysia for the Proposed Acquisition. Kenanga IB has been appointed by the Company to act as the Principal Adviser in relation to the Proposed Acquisition.


Kenanga Investment Bank Berhad (KLSE:KENANGA) cancelled the heads of agreement to acquire Tunas Manja Sdn Bhd from Dato' Chin Yoke Kan, Dato' Chin Yoke Choon, Chin Polling, Chin Poh Yung and Chin Poh Yun on January 13, 2023.