Announcement • Apr 09

TFP Solutions Berhad (KLSE:TFP) entered into sale share agreement to acquire 51% stake in VSure Tech Sdn Bhd from Faiz for MYR 5 million.

TFP Solutions Berhad (KLSE:TFP) entered into sale share agreement to acquire 51% stake in VSure Tech Sdn Bhd from Faiz for MYR 5 million on April 7, 2026. The Purchase Consideration shall be satisfied via a combination of Cash Consideration and the allotment and issuance of Consideration Shares to Faiz. A cash consideration of MYR 1 million will be paid by TFP Solutions Berhad. Within 30 calendar days from the date of issuance of VSure Tech Group’s audited financial statement for the FYE 30 June 2028, subject to and conditional upon VSure Tech achieving the Aggregate Audited PAT during the Profit Guarantee Period. The consideration consists of 200 million common equity of TFP Solutions Berhad to be issued for common equity of VSure Tech Sdn Bhd. TFP Solutions Board expects the Cash Consideration to be fully funded via internally generated funds of the Group. The obligation of the parties under the SSA are in all respects conditional upon the following being fulfilled on or before the date falling within four (4) months from the date of the SSA, or such other date as may be agreed upon between the parties as the last date by which the Condition must be fulfilled:- (a) the TFP Solutions being satisfied with the results of its due diligence investigation into Faiz’s title to the Sale Shares, the financial and legal due diligence on the VSure Tech and the Due Diligence Exercise shall be completed by the TFP Solutions within sixty (60) days from the date of the SSA or any other dates to be mutually agreed by the parties (b) Faiz having obtained such other consents or approvals as may be required of a relevant third party of VSure Tech for any sale, transfer or assignment of beneficial interest of the Sale Shares, any change of director and/or shareholders of VSure Tech, or any change in the control of VSure Tech, whereby control includes power to appoint or cause to be appointed by a majority of directors of VSure Tech or the power to make or cause to be made decision in respect of the administration of VSure Tech and to give effect to such decisions; (c) the TFP Solutions having obtained the approval of its board of directors for the purchase of the Sale Shares in accordance with the provisions of the SSA and authorising the execution of the SSA and all related documents; (d) the TFP Solutions having obtained the approval of its shareholders at the EGM to be convened for the Proposed Acquisition of VSure Tech and the issuance of the Consideration Shares for the purpose of satisfying the Purchase Consideration of the Proposed Acquisition of VSure Tech; (e) the TFP Solutions having obtained the approval of Bursa Securities for the listing of and quotation for the Consideration Shares on the ACE Market of Bursa Securities; and (f) Faiz, as the party to the shareholders’ agreement dated 16 August 2021 entered into between the shareholders of VSure Tech for the purpose of regulating the rights, obligations and liabilities between the shareholders of VSure Tech, having duly complied with and furnish supporting documentations to the TFP Solutions that the Sale Shares have been offered to the other shareholders of VSure Tech pursuant to clause 4.4 of the Shareholders’ Agreement, that the shareholders of VSure Techhave waived their rights to offer to purchase the Sale Shares and that Faiz is free tosell the Sale Shares to the TFP Solutions.

TFP Solutions Berhad Stock Price

TFP Share Price Performance

TFP Community Narratives

Trending Discussion

Recently Updated Narratives

Snowflake Analysis

TFP Solutions Berhad Key Details

About TFP

Recent TFP News & Updates

New major risk - Financial position

Third quarter 2026 earnings released: EPS: RM0.001 (vs RM0.001 loss in 3Q 2025)

TFP Solutions Berhad (KLSE:TFP) entered into sale share agreement to acquire 51% stake in VSure Tech Sdn Bhd from Faiz for MYR 5 million.

Recent updates

TFP Solutions Berhad Competitors

OGX Group Berhad

Autocount Dotcom Berhad

Cloudpoint Technology Berhad

LGMS Berhad