Yoong Onn Corporation Berhad (KLSE:YOCB) agreed to acquire 60% stake in T.C. HOMEPLUS PTE LTD from Wong Fun Ngian, Wong Fun Foong, Ang Teng Poh and Lim Ting Han, Eddie for SGD11 million on November 2, 2023. The Proposed Acquisition will be satisfied via internally generated funds. The Board expects the Proposed Acquisition to be completed in the fourth quarter of 2023. UOBKH has been appointed by Yoong Onn Corporation Berhad to act as the Financial Adviser for the Proposed Acquisition.

Yoong Onn Corporation Berhad (KLSE:YOCB) completed the acquisition of 60% stake in T.C. HOMEPLUS PTE LTD from Wong Fun Ngian, Wong Fun Foong, Ang Teng Poh and Lim Ting Han, Eddie on January 12, 2024. Following all conditions precedent pursuant to the
Conditional SSA have been fulfilled, and that the payment for the Purchase Consideration has been effected and fully settled.