Pursuant to Paragraph 10.05 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, the Board of Directors of the Company wishes to announce that FMGLV, an indirect wholly-owned subsidiary of the Company has on 4 October 2021 entered into a Stock Purchase Agreement with several independent third parties to acquire the entire issued and outstanding shares of capital stock of Inter-Orient Services, Inter-Orient Corporation and Noble Shipping Corporation, for a total cash consideration of USD2,200,000 (equivalent to approximately RM9,196,000 based on the exchange rate of USD1:RM4.18 as at 4 October 2021), subject to the terms and conditions as stipulated in the SPA (the "Acquisition").

Details of the Acquisition are set out in the attachment below.

This announcement is dated 4 October 2021.

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FM - Freight Management Holdings Bhd published this content on 04 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2021 17:23:10 UTC.