SCGM Bhd (KLSE:SCGM) has entered into heads of agreement to acquire Eramas Global Group Sdn Bhd from Chin Kok Tian, Yan Hua Lan, Tan Ah Tek, Gan Chuan Lee, Tey Chee Shin, Tan Tai Chong and Lau Sie Khianon on March 20, 2024. The deal is subject to approval of shareholders of SCGM Bhd, SCGM Bhd satisfied with due diligence, sellers obtaining approval of creditors of the Eramas Global Group Sdn Bhd, SCGM Bhd having obtained the approval of Bursa Securities for the listing of and quotation for the new SCGM Shares, SCGM having obtained the approval from the Securities Commission for the Company?s Proposed Regularization Plan.