Konsortium Transnasional Berhad (KLSE:KTB) entered into shares agreement to acquire Trans-Express Courier Sdn Bhd from NADICORP Holdings Sdn. Bhd. for MYR 1 on December 18, 2017. Konsortium Transnasional Berhad will acquire 0.1 million shares. The agreement is conditional upon the approvals of Board of Directors of Konsortium Transnasional Berhad and Nadicorp. The Acquisition is not subject to the approval of the shareholders and the relevant governmental authorities in Malaysia. The Audit Committee of Konsortium Transnasional Berhad having considered all aspect of the acquisition is of the opinion that the acquisition is under normal commercial terms and conditions not more favorable than those generally available to other eligible public. The Audit Committee and Board of Directors of Konsortium Transnasional Berhad view that the acquisition is in the best interest of the Konsortium Transnasional Berhad and is fair, reasonable and on normal commercial terms and is not detrimental to the interest of the minority shareholders of Konsortium Transnasional Berhad. The acquisition is expected to be completed within 14 days from agreement. The acquisition will not have any material effect on the earning per share, net assets per share and gearing of Konsortium Transnasional Berhad for the financial year ending December 31, 2017. Ferrier Hodgfon MH Corporate Avisory Sdn Bhd acted as appraisal agency.