Phang Song Hua entered into a conditional sale and purchase agreement to acquire 85.7% stake in New Trend Lifestyle Pte. Limited from New Trend Lifestyle Group Plc (AIM:NTLG) for SGD 100 on September 8, 2020. For the year ended December 31, 2019, New Trend Lifestyle Pte. Limited reported total common equity of SGD 0.74 million. The transaction is subject to approval of shareholders of New Trend Lifestyle Group Plc at a general meeting which is to be held at October 1, 2020. SPARK Advisory Partners Limited acted as financials advisor for New Trend Lifestyle Group. Phang Song Hua completed the acquisition of 85.7% stake in New Trend Lifestyle Pte. Limited from New Trend Lifestyle Group Plc (AIM:NTLG) on October 1, 2020. Mark Brady and Neil Baldwin acted as nominated advisors to New Trend Lifestyle Group Plc.