Commercial Group Limited and management of Amblique Pty Ltd. led by Chief Executive Officer, Stephanie Byrne, acquired Amblique Pty Ltd. from eCargo Holdings Limited (ASX:ECG) for $5 million on August 12, 2022. Amblique reported HKD 69 million ($8.79502 million) revenue for FY21. eCargo Holdings Limited intends to reinvest the sale proceeds into acquiring or taking equity positions in Australian brands with high potential to scale in Asia; to enhance the Group's proprietary platforms, including JuJiaXuan (JJX) and PinJiuFang (PJF Wines); and to expand its team in its Australia office, ensuring it can best capture the opportunities to scale Australian brands in Asia. The Transaction did not require shareholder approval.

Commercial Group Limited and management of Amblique Pty Ltd. led by Chief Executive Officer, Stephanie Byrne, completed the acquisition of Amblique Pty Ltd. from eCargo Holdings Limited (ASX:ECG) on August 12, 2022.