| Sunzen is proposing to acquire a 70% stake in an eye medical facility for approximately RM6.37 million. This will be done by acquiring seventy thousand ordinary shares from two individuals. The company is currently in the process of negotiation and will be taking up equity interest of Eye Nation Medical Sdn. Bhd. for the proposed purchase price. Upon completion of the due diligence, Sunzen will move into a Share Sale Agreement. To commence the due diligence exercise, a refundable deposit of RM127,400.00 (representing two percent of the proposed purchase price) will be deposited to the Vendors’ solicitors as stakeholder. |
