Pursuant to a Share Sale Agreement dated 12 June 2014 entered into between Omesti Berhad (formerly known as Formis Resources Berhad), Formis Holdings Bhd, Man Yau Holdings Berhad and Microlink Solutions Berhad (“MSB”) in relation to the disposal of :-
1) Applied Business Systems Sdn Bhd (100%);
2) Formis Systems & Technology Sdn Bhd (100%);
3) Formis Computer Services Sdn Bhd (100%);
4) First Solution Sdn Bhd (100%); and
5) Formis Advanced Systems Sdn Bhd (“60%”)
for a total consideration of RM43,193,044.00 to be satisfied partly by RM8.0 million in cash and the balance via the issuance of 35,193,044 redeemable preference shares of RM0.01 each in MSB.