KLW Holdings Limited (Catalist:504) entered into a sale and purchase agreement to acquire the remaining 30% stake in KLW Resources (M) Sdn Bhd from Koperasi Permodalan FELDA Malaysia Berhad for MYR 25 million on December 29, 2017. Under the terms of the transaction, KLW Holdings Limited acquired the remaining 13.02 million shares of KLW Resources (M) Sdn Bhd. The consideration shall be paid on completion by telegraphic transfer to Koperasi Permodalan FELDA Malaysia Berhad's bank account. KLW Holdings Limited is funding the transaction through its internal resources and also from the balance proceeds of SGD 1.62 million (MYR 4.9 million) raised from the rights cum warrants issue undertaken by KLW Holdings Limited in 2014. After the completion of the transaction, KLW Holdings Limited will deliver a written confirmation to Koperasi Permodalan FELDA Malaysia Berhad that KLW Resources (M) Sdn Bhd will not be listed on the Bursa Securities Malaysia or such other reputable stock exchange during the period of 12 months from the date of the transaction. The transaction is not expected to have any material impact on KLW Holdings Limited's net tangible assets or earnings per share for the financial year ending March 31, 2018.