Asia Poly Holdings Berhad (KLSE:ASIAPLY) entered into a heads of agreement to acquire 30% stake in Gb Plas Sdn. Bhd. from Gooi Chin Hooi and other shareholders for MYR 15 million on November 18, 2020. Gooi Chin Hooi acted as representative to other shareholders. The transaction is subject to due diligence and audit report on the affairs and business, approval of shareholders of Asia Poly Holdings Berhad at a general meeting, granting of all necessary governmental and other consents and negotiation, agreement and signature of a suitable definitive agreement to the transaction. The execution of the heads of agreement does not have any effect on the earnings per share, net assets per share, gearing, share capital and substantial shareholding of Asia Poly Holdings Berhad. Asia Poly Holdings Berhad (KLSE:ASIAPLY) cancelled the acquisition of 30% stake in Gb Plas Sdn. Bhd. from Gooi Chin Hooi and other shareholders on March 2, 2021.