Molecor Tecnologia, S.L. entered into a Sale and Purchase Agreement to acquire 72.27% stake in Molecor (Sea) Sdn. Bhd from FITTERS Diversified Berhad (KLSE:FITTERS) for MYR 9 million on July 29, 2022. Molecor Tecnologia, S.L. will acquire 79.5 million shares of Molecor (Sea) Sdn.

Bhd. In related transaction the Seller will enter into a land sale and purchase agreement in respect of the acquisition by United Sapphire Sdn. Bhd.

The proceeds from the Proposed Disposal will be utilized for the CompanyÆs working capital purposes.