Proposed Acquisition by Nestcon Iskandar Puteri Sdn. Bhd., an indirect 70%-owned subsidiary of Nestcon Berhad, of 3 parcels of land located in Mukim Pulai, Daerah Johor Bahru, Johor Darul Ta'zim, with a total land area of approximately 33,782.284 square metre from KLG Iskandar Puteri Sdn. Bhd. for a total cash consideration of RM95.00 Million ("Proposed Acquisition")

Proposed Diversification of the existing business of Nestcon Berhad and its subsidiaries to include Property Development ("Proposed Diversification")