Muda Holdings Berhad (KLSE:MUDA) entered into a share sale and purchase agreement South East Asia Paper Products Sdn. Bhd. from Yee Lee Corporation Bhd. for MYR 22.5 million on February 19, 2021. Under the terms of the transaction, Muda Holdings Berhad will acquire 3 million shares of SEA Paper for a total cash consideration of MYR 22.5 million and a deposit of MYR 2.25 million was paid on execution of the share sale and purchase agreement and the balance of the total cash consideration of MYR 20.25 for the acquisition will be paid within fourteen days from the date of share sale and purchase agreement. The transaction will be financed from Muda's internally generated funds. The transaction is expected to complete within fourteen (14) days after the date of execution of the share sale and purchase agreement.

Muda Holdings Berhad (KLSE:MUDA) completed the acquisition of South East Asia Paper Products Sdn. Bhd. from Yee Lee Corporation Bhd. on March 1, 2021.