Lim Seong Hai Capital Berhad (KLSE:LSH) entered into a share sale agreement to acquire Astana Setia Sdn Bhd from Lim Seong Hai Resources Sdn Bhd, Datuk Lim Keng Guan, Lim Pak Lian, Lim Keng Hun and Lim Ding Shyong for RM 95 million on March 28, 2022. Lim Seong Hai Capital Berhad (KLSE:LSH) will acquire 3,750,000 ordinary shares in Astana Setia Sdn. Bhd.

The purchase consideration of RM95 million to be satisfied via the issuance of 211,111,111 new ordinary shares in the Company. The shareholders of The shareholders of Lim Seong Hai Capital Berhad unanimously approved the transaction.