Indo Global Exchange(s) PTE, Ltd. (OTCPK:IGEX) signed an agreement to acquire 49% stake in St Andrews Holdings Limited for $12 million on October 23, 2023. As on March 18, 2024, Following several months of due diligence and negotiations, IGEX has executed all necessary agreements and acquired 25% of the corporate membership of St Andrews. The acquired stake is worth approximately $8.16 million.

The acquisition was acquired at a discounted price of $6 million. Igex will have 12-months to pay the preferred investor?s contribution without interest.