Ewein Berhad (KLSE:EWEIN) entered into a share sale agreement to acquire VS Solution Services Sdn. Bhd from Ooi Eng Leong, Goh Kiang Teng, Goh Yin Ze and Chew Tien Kee for MYR 32 million on May 15, 2024. The consideration will be paid by the way of cash and issuance of Ewein shares.

The Cash Consideration shall be financed via the internally generated funds of Ewein. The deal is subject to approval from shareholders and board of directors of Ewein, regulatory approval, and consummation of due diligence. The deal is expected to be completed by the second half of 2024.

MainStreet Advisers Sdn Bhd acted as financial advisor and UOB Kay Hian Securities (M) Sdn Bhd. acted as due diligence provider to Ewein.