IKHTIAR GAWA SDN BHD announced that it has signed term sheet to issue 222,234 redeemable convertible preference shares at an issue price of MYR 22.49880756319915 per share for gross proceeds of MYR 5,000,000 on September 6, 2023. The transaction will include participation from returning investor, Seal Incorporated Berhad. The transaction has been approved by the board of directors of the company.