Neo Group Limited (Catalist:5UJ) acquired remaining 25% stake in U-Market Place Enterprise Pte. Ltd. from Oh Beng Soon and Oh Geok Cheng for SGD 2 on February 28, 2020. Under the terms, 0.5 million shares will be acquired as a part of the transaction. Post the completion of the transaction, Neo Group will hold 100% stake in U-Market post the completion of the transaction. The transaction is not expected to have any material impact on the net tangible assets or earnings. Neo Group Limited (Catalist:5UJ) completed the acquisition of remaining 25% stake in U-Market Place Enterprise Pte. Ltd. from Oh Beng Soon and Oh Geok Cheng on February 28, 2020.