CAC Holdings Corporation (TSE:4725) agreed to acquire Mitrais Pte. Ltd. from David William Magson and Elizabeth Veronica Magson for approximately SGD 37 million (¥2.9 billion) on September 24, 2019. As per the transaction, CAC Holdings Corporation will acquire 69.1% and 30.9% stake from David William Magson and Elizabeth Veronica Magson respectively. CAC Holdings Corporation will acquire 2.33 million shares representing 100% stake of Mitrais Pte. Ltd. For ther period ended December 31, 2018, Mitrais Pte. Ltd. has reported total assets of SGD 13.7 million, net assets of SGD 5.7 million, sales of SGD 22.5 million, EBITDA of SGD 5.1 million and net income of SGD 2.9 million. The Board of Directors passed the resolution regarding the transaction. Completion is planned to take place during October 2019. CAC Holdings Corporation (TSE:4725) completed the acquisition of Mitrais Pte. Ltd. from David William Magson and Elizabeth Veronica Magson on October 18, 2019.