NSE Resources Corporation Sdn Bhd announced that it will raise MYR 23,100,000 in equity round of funding from Deleum Berhad on January 4, 2013. The transaction will represent a 55% equity interest in the company. As part of the transaction, a sum of MYR 3,800,000 shall be paid on acceptance of the terms of the offer and the balance shall be paid in cash based on the terms and conditions of the subscription agreement.

The transaction was approved by the board of Deleum Berhad on the same date and none of the directors, major shareholders of the investor company have any interest, direct or indirect in the transaction.