Unless otherwise stated or redefined, all abbreviations and definitions used herein shall have the same meanings as those set out in the Company's announcement dated 23 December 2025, 15 May 2026 and 12 June 2026 in relation to the Proposals ("Earlier Announcements").
Reference is made to the Earlier Announcements. On behalf of the Board, M & A Securities wishes to announce that the Company had on 23 June 2026 entered into:
(i) a supplemental agreement with HIB to supplement and amend certain terms of the SSA 1 in relation to the proposed acquisition of PKFT ("Supplemental SSA 1"); and
(ii) a supplemental agreement with HFGSB to supplement and amend certain terms of the SSA 2 in relation to the proposed acquisition of HFT ("Supplemental SSA 2").
Pursuant to Supplemental SSA 2, the proposed acquisition of 60,000,000 ordinary shares in PKF, for a cash consideration of RM65.50 million, shall be excluded from the Proposed Acquisitions.
Accordingly, the Proposed Acquisitions as announced on 23 December 2025 shall be revised as follows:
(i) proposed acquisition of 12,300,000 ordinary shares, representing the entire equity interest in PKFT, for a cash consideration of RM3.30 million ("Proposed Acquisition of PKFT"); and
(ii) proposed acquisition of 10,000,000 ordinary shares, representing the entire equity interest in HFT, for a cash consideration of RM51.20 million ("Proposed Acquisition of HFT").
(Collectively referred to as the "Revised Proposed Acquisitions")
Following the exclusion of PKF from the Proposed Acquisitions, the aggregate purchase consideration shall be reduced from RM120.00 million to RM54.50 million. Save for the revisions disclosed in this announcement, all other terms of the Proposals remain unchanged.
Please refer to the attachement for further details.
This announcement is dated 23 June 2026.