Maxi-Cash Financial Services Corporation Ltd. (Catalist:5UF) entered into a sale and purchase agreement to acquire Aspial-Lee Hwa Jewellery Singapore Pte. Ltd, Gold Purple Pte. Ltd. and BU2 Services Pte. Ltd. from Aspial Corporation Limited (SGX:A30) for SGD 99.8million on July 7, 2022. The transaction is subjected to approval of both Maxi-cash and Aspial shareholders. Closing shall take place on the date falling five (5) business days after the date of satisfaction or waiver of the last of the conditions precedent set out in the SPA, or such other date as may be agreed by the Maxi-Cash and the Aspial Corporation in writing. On August 22, 2022, Maxi-Cash Financial Services announced that Extraordinary General Meeting will be held by way of electronic means on 14 September 2022. As of September 26, 2022, The shareholders of Aspial Corporation has approved the deal at extraordinary general meeting held on September 26, 2022.

SAC Capital Private Limited acted as financial advisor to Maxi-Cash Financial Services Corporation Ltd.

Maxi-Cash Financial Services Corporation Ltd. (Catalist:5UF) completed the acquisiiton of Aspial-Lee Hwa Jewellery Singapore Pte. Ltd, Gold Purple Pte. Ltd. and BU2 Services Pte. Ltd. from Aspial Corporation Limited (SGX:A30) on September 30, 2022.