Maxim Global Berhad (KLSE:MAXIM) entered into an agreement to acquire 32.79% stake in Maxim Holdings Sdn Bhd from Gan Lee Ha and Gan Lee Ha for MYR 39 million on April 13, 2023. Maxim Global Berhad will satisfy the purchase consideration through cash and issuance of 71.28 million shares at an issue price of MYR 0.23 each. The transaction is expected to close in third quarter of 2023.

UOB Kay Hian (Hong Kong) Limited acted as financial advisor to Maxim Global Berhad.