Ancom Logistics Berhad (KLSE:ANCOMLB) agreed to acquire Green Lagoon Technology Sdn. Bhd. from Greenheart Sdn.

Bhd. ,Choong Wee Keong and How Yoon For for RM 120 million on April 22, 2024. Ancom Logistics Berhad shall issue 1000 million shares as consideration.

The transaction is subject to the approval of Bursa Malaysia Securities Berhad, directors and shareholders of Ancom Logistics Berhad, Green Lagoon Technology financiers and other regulatory approvals. The deal is also subject to due diligence by Ancom Logistics Berhad.