Asia Knight Berhad (KLSE:AKNIGHT) entered into a conditional share sale agreement to acquire Rapid Growth Technology Sdn Bhd from Hor Lim Chee, Ng Choon Keat, Tan Song Chai, Lim Seat Hoe and Tan Ann Chee for MYR 88 million on April 5, 2016. The purchase consideration will be satisfied by way of a combination of cash amounting to MYR 58 million and rest by issues of shares. The Board of A-Knight had resolved to fund the Proposed Acquisition entirely from proceeds raise from the Proposed Rights Issue with Warrants and therefore will not undertake the Proposed Special Issue. The transaction is conditional upon due diligence investigations, shareholders’ approval of A-Knight for the Proposed Regularisation Plan, approval form Bursa Securities for the listing and other government, public or regulatory authorities or bankers of RGT whose approvals are considered necessary. Asia Knight Berhad (KLSE:AKNIGHT) cancelled the conditional share sale agreement to acquire Rapid Growth Technology Sdn Bhd from Hor Lim Chee, Ng Choon Keat, Tan Song Chai, Lim Seat Hoe and Tan Ann Chee on August 14, 2017.