Share Sale and Purchase Agreement

Share Sale and Purchase Agreements for Buying and Selling Malaysian Companies

The document that transfers the company — drafted so what you are buying, what you are paying and what you are protected against are all settled before completion.

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  • Advocates & Solicitors
  • Offices in Kuala Lumpur & Johor Bahru
  • Confidential, no obligation
Ahmad Solehin Abd Ghani, PartnerNur Khalis Johar Amin, PartnerNur Amira Syahira, Senior AssociateSiti Zubaidah Jemadi, Senior AssociateSiti Sarah Sarif, Senior AssociateMadihah Hisham, AssociateNur Afiqah Qasrina, AssociateKritigeswari P. Ramesh, AssociateHafiz Azhari Zamree, AssociateNur Ashsyifa' Aqila, Trainee Associate

Real lawyers, one team behind every matter

Who this is for

Sound familiar?

01

Buyers acquiring a company or a controlling stake

02

Sellers exiting a business in whole or in part

03

Shareholders selling to a co-shareholder or to the company

04

Groups reorganising ownership across subsidiaries

05

Investors taking a stake alongside existing shareholders

What's at stake

What is really at stake

  1. 01
    Buying shares means buying everything.The contracts you have not read. The employees you have not met. The tax position, the pending claim, the guarantee somebody gave a bank four years ago.
  2. 02
    Heads of terms get agreed on price and everyone assumes the hard part is done.Then completion approaches and the real questions arrive at once — what warranties, whose disclosure, what happens to the director loans, who bears the tax on the pre-completion period.
  3. 03
    The seller wants a clean exit.The buyer wants recourse. If the agreement does not resolve that tension precisely, one of you will discover which way it fell only after the money has moved.

In plain words

Share Sale and Purchase Agreement

A share sale and purchase agreement transfers ownership of a company's shares — setting the price and any adjustment mechanism, the conditions to completion, the warranties and indemnities, the disclosure regime, restrictions on the seller after completion, and exactly what happens at and after the completion meeting.

What good looks like

Imagine a completion meeting where nothing is negotiated. Every condition satisfied and evidenced. The consideration mechanism agreed. Warranties given and disclosed against. Both sides signing a document they read weeks ago and have not argued about since.

What you get

What we deliver

Scope and fee are agreed in writing before any work starts, so you know exactly what you are getting.

  1. 01

    Structuring advice on consideration, adjustment and payment mechanism

  2. 02

    Drafted or reviewed share sale and purchase agreement

  3. 03

    Warranty, indemnity and limitation provisions drafted or reviewed

  4. 04

    Disclosure letter and conditions precedent management

  5. 05

    Completion meeting and post-completion filings

How we work

Clear from the first conversation

  1. 1

    Send a short request

    Tell us what the matter is about. It takes under a minute and stays confidential.

  2. 2

    Akmal sets a time with you

    We reply within 30 minutes in office hours to arrange your consultation, online or at our KL or JB office.

  3. 3

    Advice, then a written proposal

    You get a clear view of the issues and options, then a written scope and fee proposal.

  4. 4

    Work begins on the agreed scope

    Akmal leads the matter with a team of our lawyers, working to the scope you approved. You get regular updates at every key step.

Scope and fee in writingAgreed before any work starts. No open-ended billing surprises.
Online where it suits youMost work is done online. We meet in person when the law requires it.
Fast, direct repliesWithin 30 minutes during office hours, Mon–Fri 8:30am–5:30pm.

Who leads your matter

Led by Akmal Saufi, supported by our team

Akmal leads your matter as Partner. Depending on the work, other lawyers in our team handle parts of it day to day, with Akmal overseeing the matter.

Akmal Saufi

Akmal Saufi

Partner, Messrs Akmal Saufi & Co

  • Advocate & Solicitor, Malaysia
  • Over 13 years in transactional work: M&A, joint ventures, land and infrastructure
  • LLB (Hons), International Islamic University Malaysia

The team behind your matter

Meet the team →
Ahmad Solehin Abd Ghani, Partner
Ahmad Solehin Abd GhaniPartner
Nur Khalis Johar Amin, Partner
Nur Khalis Johar AminPartner
Nur Amira Syahira, Senior Associate
Nur Amira SyahiraSenior Associate
Siti Zubaidah Jemadi, Senior Associate
Siti Zubaidah JemadiSenior Associate
Siti Sarah Sarif, Senior Associate
Siti Sarah SarifSenior Associate
Madihah Hisham, Associate
Madihah HishamAssociate
Nur Afiqah Qasrina, Associate
Nur Afiqah QasrinaAssociate
Kritigeswari P. Ramesh, Associate
Kritigeswari P. RameshAssociate
Hafiz Azhari Zamree, Associate
Hafiz Azhari ZamreeAssociate
Nur Ashsyifa' Aqila, Trainee Associate
Nur Ashsyifa' AqilaTrainee Associate

Who we have acted for

Organisations we have acted for

Federal government agencies & statutory bodies

Johor state bodies & local authorities

Government-linked companies

Private sector & NGOs

Shown with permission. Government agencies, statutory bodies and government-linked companies are identified as such. Their inclusion does not imply endorsement by any government, ministry or agency.

Next step

Request a consultation with Akmal

  1. 1Send a short request. It takes under a minute.
  2. 2Akmal reviews it and arranges a time with you.
  3. 3You get clear advice, then a written scope and fee proposal.

We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm

Your details stay confidential. Sending a request does not mean you have appointed us.

  • Licensed advocates & solicitors
  • Professional indemnity insured
  • Offices in KL & JB

Questions

Frequently asked questions

Still unsure? Send a short request and Akmal will tell you plainly whether and how we can help.

Should we buy the shares or the assets?

They produce very different outcomes on liabilities, tax and third-party consents. We will set out the trade-offs for your specific target before you commit to a structure.

Do we need due diligence first?

Almost always. Diligence findings shape the warranties, the indemnities and sometimes the price. Signing before diligence means paying for risk you have not measured.

What is a disclosure letter and why does it matter?

It is how the seller qualifies the warranties. What is properly disclosed generally cannot be claimed on later, so it is one of the most commercially significant documents in the deal.

Can part of the price be held back?

Yes — retention, escrow and deferred consideration are all common. Each has different consequences and we will advise which suits the deal.

We are the seller. Is this still for us?

Yes. We act on both sides, though never on the same transaction.

What is Legal That Works?

Legal That Works is a business and organisation oriented legal service designed by Messrs Akmal Saufi & Co (the firm that has brought the widely known legal consumer services brand ASCOLAW). We specifically help business owners and organisation leadership to navigate Malaysia’s legal terrain to achieve their commercial goals.

What if I’m not sure what legal service I need?

No problem. Most business owners aren’t legal experts. Just reach out and we will guide you to the right service or help you understand your options, without jargon or upselling.

Who will be helping me?

Your matter is led by Akmal Saufi, Partner. Depending on the work, other advocates and solicitors in our team will handle parts of it day to day, with Akmal overseeing the matter. You will always deal with real lawyers, not chatbots or generic customer support.

Before you sign

The cost of waiting

Every protection a buyer gets is agreed before signature. After completion, the only remedy is whatever the agreement already gave you.

WhatsApp us

We reply within 30 minutes · Mon–Fri, 8:30am–5:30pm

Legal That Works logo

Legal That Works (Messrs Akmal Saufi & Co) is a Malaysian business friendly legal services firm providing services across multiple industries and practice area fuelling business growth and ambition.

All rights reserved. © Legal That Works is a legal service by Messrs Akmal Saufi & Co (Registration No. 00020004166). 2014-2026
Regulated by the Malaysian Bar Council under the Legal Profession Act 1976.

Legal That Works logo

Legal That Works (Messrs Akmal Saufi & Co) is a Malaysian business friendly legal services firm providing services across multiple industries and practice area fuelling business growth and ambition.

All rights reserved. © Legal That Works is a legal service by Messrs Akmal Saufi & Co (Registration No. 00020004166). 2014-2026

Regulated by the Malaysian Bar Council under the Legal Profession Act 1976.

Legal That Works logo

Advocates & Solicitors in Kuala Lumpur and Johor Bahru

Legal That Works logo

Advocates & Solicitors, KL and JB