Kasai Teck See (malaysia) Sdn. Bhd announced a private placement of 1,000,000 common shares at a price of MYR 1.522 per share for gross proceeds of MYR 1,522,000 on September 20, 2018. The transaction involved participation from existing investor Kasai Kogyo Co., Ltd. (TSE:7256). The investor acquired total 25% stake in the company pursuant to the transaction. The company issued the shares by a way of third party allocation. The company reported total assets of MYR 1,500,000, net assets of MYR 7,000,000, sales of MYR 76,000,000, operating profit of MYR 100,000, net income of MYR 600,000 for the year ended December 31, 2017.