Kuala lumpur: Digital lifestyle service provider PUC Bhd has entered into a share sale agreement to dispose of 3.03 million ordinary shares, representing a 13.76 per cent equity interest in Pictureworks International Holdings Ltd (PIHL), to MacOS Ltd for RM30.0 million as part of a partial divestment in PIHL. According to BERNAMA News Agency, the agreement was signed on December 31, 2025, and the disposal will be completed entirely in cash. Upon completion, PUC's equity interest in PIHL will be reduced from 27.53 per cent to approximately 13.76 per cent. Consequently, PIHL will be accounted for as an investment of PUC. The company stated in a filing with Bursa Malaysia that additional time was necessary to coordinate between the parties involved and address various administrative and cross-border requirements, including implementing the agreed transfer structure before the disposal could be effected fully. PUC confirmed that the full sale consideration was received on December 31, 2025, marking the complet ion date of the transaction. The proposed disposal is part of PUC's ongoing efforts to optimize its investment portfolio and enhance capital efficiency. The gross proceeds of RM30 million from the sale are intended primarily for repaying the group's outstanding borrowings, with the remainder allocated for working capital requirements and strategic investments within its core businesses. PUC expects the proposed disposal to result in a gain of approximately RM5.82 million, based on the difference between the disposal consideration of RM30.0 million and the carrying amount of the sale shares as of December 31, 2025.