Mestron Holdings Berhad (KLSE:MESTRON) entered into a share purchase agreement to acquire 70% stake in Premier Radiant Builders Sdn Bhd from Datuk Woo Thin Choy for MYR 2.8 million on April 16, 2021. As per the terms of the agreement, Mestron Holdings Berhad will acquire 3.3 million shares in Premier Radiant Builders Sdn Bhd. The acquisition is to be funded via the proceeds raised from the private placement exercise of Mestron Holdings Berhad. The transaction is expected to close within seven days from the exercise date. The acquisition is not expected to have any material effect on Mestron Holdings Berhad’s earnings per share, net assets per share and gearing for the financial year ending December 31, 2021.