Lim Kor Kiat acquired 76.48% stake in AcroBoo, Inc. from Daniel R. Furlong, Paul Demirdjian, Primrose Demirdjian and Vincent Fabrizzi for $0.33 million on December 22, 2015. Under the terms, Lim Kor Kiat acquired approximately 1.8 million AcroBoo's shares at $0.18426 per share. Daniel R. Furlong sold 22.7% stake, Paul and Primrose Demirdjian sold 20.6%, Paul Demirdjian separately sold 10.5% and Vincent Fabrizzi sold 22.7% stake in the transaction. At the closing of the transaction, there was a change in Board of Directors and Executive Officers of AcroBoo. Daniel R. Furlong, who served as AcroBoo's sole Director and officer resigned from all of his executive officer positions and after expanding the number of members of the Board of Directors to two and appointing Lim Kor Kiat to serve as a member of the Board of Directors, Daniel R. Furlong tendered his resignation as Director. Lim Kor Kiat was appointed as the Chairman of the Board of Directors, President, Chief Executive Officer, Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer and Secretary/Treasurer of AcroBoo. The transaction is not subject to any consent, approval, authorization or order of, or any filing or declaration with any governmental authority or any other person.

Lim Kor Kiat completed the acquisition of 76.48% stake in AcroBoo, Inc. from Daniel R. Furlong, Paul Demirdjian, Primrose Demirdjian and Vincent Fabrizzi on December 22, 2015.