Regent Wise Investments Limited entered into conditional agreement to acquire additional 17.24% stake in MCT Berhad (KLSE:MCT) from Tan Sri Dato’ Sri Goh Ming Choon for approximately MYR 200 million on January 2, 2018. As per terms, 230.1 million shares will be acquired at MYR 0.88 per share. Out of the consideration, 37% amounting to MYR 75 million will be paid one month after completion whereas 14% amounting to MYR 27.5 million will be paid 11 months after closing. Post completion, Regent Wise Investments Limited will own 50.19% stake in MCT Berhad. Regent Wise Investments Limited is also obliged to make a mandatory tender offer to acquire remaining stake in MCT Berhad after the agreement becomes unconditional. The agreement is conditional upon the receipt of a waiver by Bursa Malaysia Securities Clearing Sdn. Bhd for allowing 51% of cash consideration to be paid in tranches.