Asia New Venture Capital Holdings Sdn Bhd entered into an agreement to acquire Wisma MPL from Malaysia Pacific Corporation Berhad (KLSE:MPCORP), ASA Enterprises Sdn Bhd and Oriental Pearl City Properties Sdn. Bhd for MYR 189 million on March 11, 2019. Asia New Venture Capital Holdings Sdn Bhd will aquired approximately 154 million shares. Prior to the execution of the agreement, an amount of MYR 3.76 million have been deposited with the MPCB’s Solicitors by Asia New Venture Capital Holdings Sdn Bhd. Upon the execution of the agreement, an amount of MYR 15.14 million shall be paid by Asia New Venture Capital Holdings Sdn Bhd. The Balance of approximately MYR 171 million will be paid within 90 days after the agreement. The transaction is subject to certain conditions. As on August 28, 2019, the shareholders of Malaysia Pacific Corporation Berhad approved the transaction. The transaction is expected to complete within 10 months after the agreement. Asia New Venture Capital Holdings Sdn Bhd completed the acquisition of Wisma MPL from Malaysia Pacific Corporation Berhad (KLSE:MPCORP), ASA Enterprises Sdn Bhd and Oriental Pearl City Properties Sdn. Bhd on January 8, 2020.