Poh Kong Properties Sdn. Bhd agreed to acquire Lotus KFM Berhad (KLSE:LOTUS) from Nagasundaram A/L Rengaswamy Pillai and Gomathy A/P Subramanyam for MYR 11.4 million on September 2, 2022. Poh Kong Properties Sdn.

Bhd intends to finance the Proposed Acquisition through internally generated funds. Transaction is subject to approval of government approval.