The Board of Directors of Nexgram Holdings Berhad (“the Company”) wishes to announce the acquisition of the RM2.00 entire issued capital of Vertical Paradise Sdn. Bhd. from the Company’s wholly-owned subsidiary Nexgram Land Sdn. Bhd. (NLand) at the cost of RM2.00, thus making Vertical Paradise Sdn. Bhd. now a wholly-owned subsidiary of the Company.