Tan Tze Loong entered into the Sale and Purchase Agreement to acquire 22% stake in Integral Virtue Limited from Trendzon Holdings Group Limited for SGD6.25 million.

Tan Tze Loong entered into the Sale and Purchase Agreement to acquire 22% stake in Integral Virtue Limited from Trendzon Holdings Group Limited (SEHK:1865) for SGD 6.25 million on February 26, 2024. upon the signing of the Sale and Purchase Agreement, the Purchaser shall pay the Company a deposit of SGD 1.65 million and upon Completion, the Purchaser shall pay the Company the remaining balance of the Consideration of SGD4.60 million within 15 Business Days after Completion. Upon Completion, the Integral Virtue Limited will remain as a subsidiary of the Trendzon Holdings Group and will be owned by the Trendzon Holdings Group and the Tan Tze Loon as to 78% and 22%, respectively.

As additional time is required to prepare and finalize the information required to be disclosed in the circular, it is expected that the circular will be dispatched to the Shareholders on or before 22 March 2024. For the period ended December 2023 Integral Virtue Limited has reported revenue of SGD 59.749 million, Net profit after tax is SGD 0.943 million.