M Development Ltd. (SGX:N14) entered into a sale and purchase agreement to acquire Antai Mining International Holdings Company Limited from Jovial Bridge Limited, Cypress Topco Limited and Prime Kirin Limited on January 31, 2020. Antai Mining International Holdings Company Limited reported revenue as CNY 1.13 million, gross loss as CNY 2.8 million, loss before tax as CNY 2.8 million, loss after tax as CNY 2.8 million, current liabilities as CNY 10.7 million, total assets as CNY 18.5 million and shareholders equity as CNY 7.9 million for the period end on 2019. The transaction is subject to numerous condition likes due diligence by vendor and approval from shareholders of M Development ZICO Capital Pte. Ltd. acted as financial advisor and RSM Chio Lim LLP as accountant to M Development. M Development Ltd. (SGX:N14) cancelled the acquisition of Antai Mining International Holdings Company Limited from Jovial Bridge Limited, Cypress Topco Limited and Prime Kirin Limited on January 31, 2021.