Crops Corporation (TSE:9428) entered into an agreement to acquire 75% stake in INNOVARE HOLDINGS PTE.LTD. from LOH HOCK SENG HARRY on October 16, 2019. Crops Corporation will acquire 75 shares representing 75% stake in INNOVARE HOLDINGS PTE.LTD. Post completion of the transaction, INNOVARE HOLDINGS PTE.LTD. will operate as a subsidiary of Crops Corporation. For the fiscal year ended December 2018, INNOVARE HOLDINGS PTE.LTD. reported net assets of SGD 1.65 million, total assets of SGD 10.54 million, sales of SGD 4.41 million, operating income of SGD 1.15 million and net income of SGD 1.34 million. The acquisition is expected to complete on October 31, 2019. BDO Corporate Finance acted as financial advisor in the transaction. Cheng Soon Keong of BDO LLP, Financial Advisory Arm acted as financial advisor to Innovare Holdings PTE.LTD. Crops Corporation (TSE:9428) completed the acquisition of 75% stake in INNOVARE HOLDINGS PTE.LTD. from LOH HOCK SENG HARRY on October 31, 2019.