Ellipsiz Ltd (SGX:BIX) entered into a conditional sale and purchase agreement to acquire a 20% stake in ISE Capital Management Pte. Ltd. from Yayoi Yoshikawa for SGD 2 million on November 18, 2021. The Company had paid a refundable deposit of SGD 0.5 million to Yayoi Yoshikawa upon execution of the sale and purchase agreement. The Deposit shall form part of the payment of the Consideration on completion of the sale and purchase of the Sale Shares. On Completion, the Sale Shares shall be transferred to the Company or to such person(s) as it may direct. The Consideration shall be satisfied in cash by the Company from its internal resources. If required, the purchase of the Sale Shares having been approved by shareholders of the Ellipsiz at a general meeting of the Company or at any adjournment. On June 30, 2022 entered into a supplemental deed to make principal amendments, as per the new deed Ellipsiz Ltd acquired 13,333 Shares representing 13.3% stake in ISE Capital Management Pte. Ltd. for SGD 1.3 Millions.

Ellipsiz Ltd (SGX:BIX) completed the acquisition of 13.3% stake in ISE Capital Management Pte. Ltd. from Yayoi Yoshikawa for SGD 1.3 million on June 30, 2022.