Borneo Capital Limited agreed to acquire an additional 7.6% stake in General Capital Limited (NZSE:GEN) from Graeme Brown for NZD 0.07 million on July 28, 2021. Borneo Capital Limited will acquire 12.4 million shares at NZD 0.06 per share. In a related transaction, Borneo Capital Limited will also carry out a capital increase in General Capital Limited. Prior to the transaction, Borneo Capital Limited held 25.94% stake and after the transactions, Borneo Capital will hold 24.39% stake in General Capital Limited. The transaction is subject to approval of shareholders of General Capital Limited in a meeting to be held on August 25, 2021. Non-associated Directors of General Capital Limited unanimously recommended the shareholders to vote in favour of the transaction. On September 3, 2021, the shareholders of General Capital Limited approved the transaction. Simmons Corporate Finance Limited acted as the independent expert to General Capital Limited.