Opcom Holdings Berhad (KLSE:OPCOM) entered into a conditional share sale agreement to acquire T & J Engineering Sdn. Bhd. from T&J Assets Holdings Sdn Bhd for MYR 90 million on September 19, 2022. Consideration will be satisfied via a combination of cash (30%) and new ordinary shares (70%) in OPCOM. The transaction is expected to to be completed by end of the financial year 2023. As of December 16, 2022, According to share sale agreement, the conditions precedent of share sale agreement are to be fulfilled within 90 days from the date of share sale agreement or such further period as may be mutually agreed upon by Opcom Holdings and T & J Assets Holdings to share sale agreement. M&A Securities Sdn Bhd, on behalf of Opcom Holdings, announced that Opcom Holdings and T & J Assets Holdings have mutually agreed to extend the conditional period for 30 days from December 18, 2022 up to January 17, 2023 to fulfil the conditions precedent. As of February 3, 2023, Opcom Holdings and T & J Assets Holdings Sdn. Bhd. have mutually agreed to extend the conditional period until March 15, 2023 to fulfil the conditions precedent.

Opcom Holdings Berhad (KLSE:OPCOM) completed the acquisition of T & J Engineering Sdn. Bhd from T & J Assets Holdings Sdn. Bhd March 7, 2023. All the conditions related to the transaction are now satisfied.