An unknown buyer signed a binding agreement to acquire 50% stake in McGregor Wealth Management Pty Ltd from Xplore Wealth Limited (ASX:XPL) for AUD 0.75 million on July 17, 2019. Under the terms of transaction, the buyer being an entity controlled by Rob McGregor will pay AUD 0.5 million for the equity stake and AUD 0.25 million for the repayment of loans. The transaction was expected to close by 30 June 2020.