Teo Guan Lee Corporation Berhad (KLSE:TGL) entered into a Sale and Purchase Agreement to acquire Kiko Garments Sdn Bhd from Cetrac International Co., Ltd. for MYR 5.49 million on December 1, 2022. The proposed acquisition will be funded by internally generated funds. The transaction is subject to consummation of due diligence by TGL. The transaction is expected to be completed by end of December 2022.

Teo Guan Lee Corporation Berhad (KLSE:TGL) completed the acquisition of Kiko Garments Sdn Bhd from Cetrac International Co., Ltd. on December 29, 2022.