Stealth Global Holdings Limited (ASX:SGI) agreed to acquire Heatleys Group Holdings Pty Limited from Heatley Unit Trust for AUD 9 million in 2017. As on June 14, 2018, the sale purchase agreement was signed for the deal. Under the terms of the deal, Stealth Global Holdings Limited will pay cash of AUD 6.85 million and issue its 6.25 million shares at an issue price of AUD 0.2. The shares will be held in escrow for a period of no less than six months from the date of issue. For the cash portion, AUD 0.25 million is already paid while the remaining cash portion of AUD 6.6 million will be paid on settlement. Also, AUD 0.9 million is payable to repay a loan of Heatley Unit Trust. Stealth Global Holdings Limited will fund the deal with existing cash reserves of AUD 0.6 million and undertake an offering of AUD12.5 million. Stealth Global Holdings Limited's and Heatleys Group Holdings Pty Limited's key management teams will remain in place. Post the acquisition, Stealth Global Holdings Limited’s Tweed Heads office will transition to a branded branch of Heatleys Group Holdings Pty Limited. The deal is subject to listing of shares, minimum subscription being raised and other conditions. BDO Audit (WA) Pty Ltd acted as auditor to Heatleys Group Holdings Pty Limited. BDO Audit (WA) Pty Ltd has and will receive a total of AUD 0.06 million from Heatleys Group Holdings Pty Limited.