Unitrade Industries Berhad (KLSE:UNITRAD) entered into a conditional share sale agreement to acquire 60% stake in Winnson Marketing Sdn. Bhd. from Lai Tek Kim, Chan Yoke Keng, Lai Teck Tin and Lai Tek Mui for MYR 2.2 million on July 25, 2023. After the completion of transaction Lai Tek Kim and Chan Yoke Keng will hold remaining 40% stake in Winnson Marketing. The consideration price is being funded from internally-generated fund. Winnson Marketing reported profit after tax of MYR 9,690,944 as at March 31, 2023. The transaction is expected to complete by the second quarter of the financial year ending March 31, 2024.

Unitrade Industries Berhad (KLSE:UNITRAD) completed the acquisition of 60% stake in Winnson Marketing Sdn. Bhd. from Lai Tek Kim, Chan Yoke Keng, Lai Teck Tin and Lai Tek Mui on August 18, 2023.