NAMI Corp. (OTCPK:NINK) entered into a letter of intent to acquire Pembinaan Kaya Hebat Sdn Bhd on January 17, 2019. NAMI intends to operate Pembinaan Kaya Hebat as its wholly-owned subsidiary or a majority-owned subsidiary. The transaction is subject to various conditions precedent, including but not limited to negotiating and execution a form of purchase agreement that is acceptable to both parties, approval of the financial statements of both parties, and fair market valuation of Pembinaan Kaya Hebat. NAMI Corp. (OTCPK:NINK) cancelled the acquisition of Pembinaan Kaya Hebat Sdn Bhd on January 17, 2020.