Sumitomo Mitsui Construction Co., Ltd. (TSE:1821) along with Koh Jimmy and Chan Chin Choo signed an agreement to acquire Antara Koh Private Limited for SGD 88 million on December 23, 2021. Sumitomo Mitsui Construction will acquire 15 million shares. With the acquisition of the shares, Antara Koh (Myanmar) Ltd, a subsidiary of AKPL, and his AKM Sdn.

Bhd will become a subsidiary company of the Company. Antara Koh reported net assets as SGD 4.9 billion, sales as SGD 5.02 billion and net income as SGD 2.4 billion for the period end on December 2020. Stock transfer date is planned to take place on February 15, 2022.