Kingsmen Creatives Ltd. (SGX:5MZ) entered into a sale and purchase agreement to acquire remaining 10% stake in Kingsmen Vietnam Co., Ltd from Lim Hock Chye Stephen for SGD 0.92 million on January 7, 2019. Under the terms, Kingsmen Creatives Ltd. will issue 1.84 million shares as consideration for the transaction. Kingsmen Vietnam Co., Ltd had net asset value of SGD 3.15 million as at September 30, 2018. The transaction is subject to listing and quotation of the consideration shares and all necessary regulatory approvals for purchase of shares. On February 11, 2019, Kingsmen Creatives Ltd. received the approval in-principle from the Singapore Exchange Securities Trading Limited in respect of the listing and quotation of consideration shares on the official list of the SGX-ST. The approval in principle is subject to compliance with the SGX-ST’s listing requirements and submission of a written undertaking from Kingsmen Creatives Ltd that it will comply with Rule 803 of the SGX-ST main board listing manual. The transaction is expected to complete on February 15, 2019. Nexia TS Advisory Pte Ltd acted as independent valuer in the transaction.