Walmart has announced the acquisition of online specialty retailer ModCloth in order to expand its e-commerce presence.

ModCloth will function as a complementary brand to other e-commerce sites of Walmart.

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Both companies involved in the acquisition are based in the US.

"ModCloth will function as a complementary brand to other e-commerce sites of Walmart."

K-One Technology Berhad has announced its plans to acquire 30% stake in AHM Consultancy & Security Services for MYR8.7m ($1.95m).

K-One is a technology solutions supplier, while AHM is a security consultancy and services provider.

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