Censof Holdings Berhad (KLSE:CENSOF) entered into a share purchase agreement to acquire unknown minority stake in Netsense Business Solutions Sdn Bhd and Netsense Business Solutions Pte Ltd from Abdul Rehman Khalid and Shanmugam Pachapan for MYR 0.19 million on January 2, 2020. In a separate transaction, Censof Holdings will also subscribe to new share of Netsense Business Solutions Sdn Bhd and Netsense Business Solutions Pte Ltd resulting 51% stake purchase upon completion. The transaction is subject to customary closing conditions, including approval from Board of Directors of Netsense Business Solutions Sdn Bhd and Netsense Business Solutions Pte Ltd, approval from Board of Directors of Censof, and signing of shareholders agreement. The acquisition is not subject to the approval of the shareholders and the relevant government authorities. All the conditions precedent are satisfied and the transaction completed at the same date. Censof Holdings Berhad (KLSE:CENSOF) canceled the acquisition of Netsense Business Solutions Sdn Bhd and Netsense Business Solutions Pte Ltd from Abdul Rehman Khalid and Shanmugam Pachapan on January 2, 2021.