An unknown buyer agreed to acquire 34% stake in Alca Vstyle Sdn. Bhd from Stylam Industries Limited (BSE:526951) on April 5, 2023. The board of directors of Stylam Industries Limited approved the transaction.

Stylam Industries Limited will dispose off 0.34 million shares of Alca Vstyle Sdn. Bhd. The proposed transaction is subject to receipt of relevant approvals and completion of contractual obligations and fulfilment of necessary due diligence requirements