Securemetric Berhad (KLSE:SMETRIC) entered in a Share Sale and Purchase Agreement to acquire 10% stake in Innov8tif Solutions from Cha Weay Chia for MYR 4 million on September 1, 2021. The Acquisition Price and Subscription Price of RM8,000,000 in total will be fully funded in cash. A sum of MYR 2.441 million will be funded through the proceeds raised from Securemetric’s private placement issued on June 25, 2020 and the remaining through internally generated funds. As of June 20, 2021, the net asset value of Innov8tif Solutions Sdn Bhd is MYR 1.88 million. The Investment is expected to be completed by fourth quarter of 2021. There shall have been no material adverse change in the condition of the business of Innov8tif.