Character Promotions Limited agreed to acquire Chill Factor business and assets of Toys'R'Us Anz Limited (ASX:TOY) for AUD 1.8 million on July 2, 2021. The total purchase price of AUD 1.75 million is payable in cash on completion. Net Assets of the Chill Factor business as of January 31, 2021 amounted to AUD 0.09 million. The transaction is expected to complete prior to the end of the financial year on 31 July 2021. As of July 5, 2021, the transaction is expected to complete on July 16, 2021. Atholl Tweedie of Panmure Gordon acted as financial advisor for The Character Group plc