Aw Cheok Huat made an offer to acquire remaining 54.4% stake in ICP Ltd. (Catalist:5I4) for SGD 12.7 million on July 11, 2023. The transaction is expected to close on August 29, 2023. As per the transaction, Aw Cheok Huat will pay SGD 0.007 in cash to the shareholders of ICP Ltd. Stirling Coleman Capital Limited acted as financial advisor while Rajah & Tann Singapore LLP acted as legal advisor to Aw Cheok Huat.

Aw Cheok Huat completed the acquisition of an additional 14.68% stake in ICP Ltd. (Catalist:5I4) for SGD 3.42 million on August 29, 2023. Valid acceptances were received for 489 million shares.