Techniche Ltd. (ASX:TCN) entered into an agreement to acquire remaining 50% stake in Statseeker Pty Ltd. from NBC Capital for AUD 3.5 million on December 4, 2017. After the completion of the transaction, Techniche Ltd. owns a 100% stake in Statseeker Pty Ltd. The transaction is subject to Techniche Ltd. shareholders’ approval. A general meeting of members of Techniche Limited for the acquisition will be held on January 23, 2018. The Board of Directors of Techniche Ltd. is of the opinion that transaction is in best interest of Techniche Ltd. The transaction was approved by the shareholders of Techniche Ltd. on January 23, 2018. Techniche Ltd. (ASX:TCN) completed the acquisition of remaining 50% stake in Statseeker Pty Ltd. from NBC Capital on January 30, 2018. The consideration was paid from the Techniche Ltd.’s cash reserves. AUD 2.25 million was paid for the remaining 50% equity in Statseeker and AUD 1.25 million was paid to repay NBC Capital for its share of joint venture loans.