ValueMax Group Limited (SGX:T6I) has entered into a share purchase agreement to acquire Zheng Gang Pawnshop Pte. Ltd. for SGD 5.8 million on August 26, 2022. The consideration will be fully satisfied by the internal resources of the ValueMax Group. The audited net asset value of Zheng Gang for the year ended December 31, 2021, was SGD 3.82 million. The completion of the Acquisition is conditional upon, amongst others, the approval from the Housing Development Board of Singapore to the sale of the Sale Shares and approval of the Registrar of Pawnbrokers for the share transfer.

ValueMax Group Limited (SGX:T6I) has cancelled the acquisition of Zheng Gang Pawnshop Pte. Ltd. on November 1, 2022.