hd fXOX (Hong Kong) Limited agreed to acquire 16.420185% Symphony Life Berhad (KLSE:SYMLIFE) from Malacca Securities Sdn Bor MYR 19.3 million on July 12, 2022. Proceeds from the transaction will be used for Working capital and Estimated expenses for the Proposed Disposal. Transaction is conditional upon shareholders approval of Muar Ban Lee Group Berhad.

As of November 3, 2022, Muar Ban Lee Group Berhad shareholder's have approved the transaction. Transaction is expected to close on December 2022. Malacca Securities Sdn Bhd acted as a financial advisor to Muar Ban Lee Group Berhad.

As of November 14, 2022, Completion Date of the SSA from November 14, 2022 to November 25, 2022.