Lim Keong Hui entered into an agreement to acquire Zouk Consulting Pte. Ltd. from Genting Hong Kong Limited (SEHK:678) for SGD 14 million on September 1, 2020. The total consideration of SGD 14 million is payable in full and in cash at Completion subject to upward or downward adjustment based on the cash level of Zouk Group. If the cash balance of Zouk Group as of August 31, 2020 is more than SGD 5.6 million, the consideration shall be adjusted upward by adding thereto the amount of cash balance above SGD 5.6 million, and such additional consideration shall be paid by the Buyer to the Seller in cash or in such other manner as directed by the Seller in writing within 7 Business Days after Completion; or If the cash balance of Zouk Group as of August 31, 2020 is less than SGD 5.6 million, the consideration shall be adjusted downward by deducting there from the amount of cash balance below SGD 5.6 million, and such portion of paid consideration shall be refunded by the Seller to the Buyer in cash or in such other manner as directed by the Buyer in writing within 7 Business Days after Completion. For the financial year ended December 31, 2019, Zouk Group reported a net loss of SGD 2 million and net asset of SGD 26.3 million. Lim Keong Hui completed the acquisition of Zouk Consulting Pte. Ltd. from Genting Hong Kong Limited (SEHK:678) for SGD 15.5 million on September 7, 2021.