Lifestyle Global Enterprise Inc. (GTSM:8066) agreed to acquire LF SOURCING HOLDING PTE. LTD. from LIFESTYLE HOLDINGS LTD. for $8.1 million on September 11, 2015. Under the terms of the agreement, Lifestyle Global Enterprise Inc. will acquire 1 million shares of LF SOURCING HOLDING PTE. LTD. at $8.125 per share. As per the terms, Lifestyle Global Enterprise Inc. shall pay 70% of the total acquisition price, $5.69 million within 3 days from the date of signing of this contract and Lifestyle Global Enterprise Inc. pay the balance of $2.44 million, within 2 days after completion of the share transfer registration. The Board of Directors and Board of Supervisors of Lifestyle Global Enterprise Inc. approved the acquisition on September 11, 2015. Lifestyle Global Enterprise Inc. (GTSM:8066) cancelled the acquisition of LF SOURCING HOLDING PTE. LTD. from LIFESTYLE HOLDINGS LTD. on September 11, 2016.