AESM HOLDING PTE. LTD. agreed to acquire Acromec Engineers Pte Ltd. from AcroMeta Group Limited on January 19, 2024. AESM HOLDING PTE.

LTD. entered into a sale and purchase agreement to acquire Acromec Engineers Pte Ltd. from AcroMeta Group Limited for SGD 3.3 million on March 5, 2024. The consideration consisit of SGD 0.5 million on the date of agreement a further sum of SGD 1.5 million on the date on which completion take place and the remaining sum of SGD 1.3 million by no later than December 31, 2024. AcroMeta Group Limited intend to use proceeds from sale for general working purposes.

The transaction is expected to close on or before June 4, 2024.