An unknown buyer entered into a non-binding letter of intent to acquire 37 units of shop lots together with the fixtures, fittings, machineries and equipment from Mercurius Capital Investment Limited (Catalist:5RF) for MYR 30 million on May 29, 2023. The LOI does not constitute any legally binding obligations. The LOI sets out the basic terms of the proposed sale which is subject to, among others, the execution of a definitive formal sale and purchase agreement by the parties.