Accrelist Ltd. (Catalist:5RJ) entered into a sale and purchase agreement to acquire a 5% stake in Amazingtech Pte. Ltd. from Chan Chee Seng, Joseph Christopher Koh Boon Kiok, Hong Qi Yu and Kohsson Capital Pte. Ltd. for SGD 0.38 million on May 30, 2018. Under the terms of the agreement, Accrelist will acquire 6,000 shares of Amazingtech. In a related transaction, Accrelist Ltd will subscribe for 6,666 new shares of Amazingtech, representing 5% stake of the enlarged capital, for SGD 0.6 million. Of the total SGD 1 million consideration, SGD 0.2 million will be paid in cash and SGD 0.8 million will be paid through issuance of shares. The cash consideration will be funded through internal resources of Accrelist. Post completion of acquisition and subscription, Accrelist Ltd will hold 0.012 million shares, representing 10% stake in Amazingtech.