AnyMind Group Inc. (TSE:5027) agreed to acquire Arche Digital Sdn. Bhd. from Tan Jin Hui for $1.5 million on March 19, 2024.

The consideration consists of $1.50 million in cash. As part of the consideration, $1.50 million was paid towards common equity. Arche Digital reported revenues of $1.02 million, operating profit of $0.07 million and total assets of $0.33 million for the fiscal year ending January 31, 2024.

The transaction was resolved by the Board of Directors of AnyMind. As on March 20, 2024, AnyMind Group Inc. (TSE:5027) signed the contract to acquire Arche Digital Sdn. Bhd.

from Tan Jin Hui. The transaction is expected to complete around June 2024.