AppAsia Limited agreed to acquire Admall AppAsia International Pty Ltd from Dato’ Tan Boon Jin and Lin Wan Lin for AUD 1.2 million on March 13, 2017. In related transactions, AppAsia Limited agreed to acquire AppAsia Studio Sdn Bhd, AppAsia International Sdn Bhd and AppAsia Mall Sdn Bhd from AppAsia Berhad (KLSE:APPASIA) and AppAsia International Pty Ltd from Appasia International Sdn Bhd on March 13, 2017. As of September 30, 2016, Admall reported net liabilities of MYR 4.06 million (AUD 1.28 million), total assets of MYR 3.01 million (AUD 0.95 million) and a loss after taxation of MYR 0.94 million (AUD 0.0.30 million). Deal is subject to completion of other transactions, listing approval and approval from ASX. Deal is expected to be completed in the third quarter of 2017. Currency conversion was done through www.oanda.com on September 30, 2016. AppAsia Limited cancelled the acquisition of Admall AppAsia International Pty Ltd from Dato’ Tan Boon Jin and Lin Wan Lin on March 13, 2018.