Sedania Innovator Berhad (KLSE:SEDANIA) entered into a share sale agreement to acquire 20% stake in Wasiyyah Shoppe Berhad from Encik Ariffin Bin Sabirin for RM 3 million on December 28, 2022. SEDANIA will acquire 34,000 ordinary shares in WSB. The Purchase Consideration shall be satisfied as follows; The sum of Ringgit Malaysia Three Hundred Thousand (RM300,000.00) only shall be paid by the Company to the Solicitors as stakeholders, being the refundable deposit, free from interest, and part payment towards the settlement of the Consideration (“Deposit”) within thirty (30) days upon signing of the SSA. The balance consideration of Ringgit Malaysia Two Million Seven Hundred Thousand (RM2,700,000.00) only (“Balance Consideration”) shall be satisfied upon the Completion Date and be paid by the Company to the Vendor.

Sedania Innovator Berhad (KLSE:SEDANIA) completed the acquisition of 20% stake in Wasiyyah Shoppe Berhad from Encik Ariffin Bin Sabirin on March 1, 2023.