Crystal Clear Cleaning Sdn Bhd entered into a conditional shares sale agreement to acquire Semasa Services Sdn. Bhd. from Malaysian Resources Corporation Berhad (KLSE:MRCB) for MYR 4.8 million on January 12, 2017. Under the terms of transaction Crystal Clear Cleaning Sdn Bhd will acquire all 1 million shares of Semasa Services Sdn. Bhd. and pay MYR 0.48 million upon signing of agreement and MYR 4.3 million will be paid upon the completion date which is three months from the date of the agreement for 1.0 million Semasa Services Sdn. Bhd shares. In addition to the purchase price Crystal Clear Cleaning Sdn Bhd will pay Malaysian Resources Corporation Berhad a net completion amount. The purchase price will be utilized to finance the working capital of Malaysian Resources Corporation Berhad. The transaction is not subject to any regulatory approval of any governmental authorities or the approval of the shareholders of Malaysian Resources Corporation Berhad. The transaction is expected to be completed by second quarter of 2017. The balance payment of consideration has been settled on completion.