Beverly JCG Ltd. (Catalist:VFP) agreed to acquire Beverly Bangsar Sdn. Bhd. from Dato? Ng Tian Sang @ Ng Kek Chuan, Howard Ng How Er, Alexander Ng Zhonglie, Wong Jinly and The Sloane Group Sdn. Bhd. for MYR 4.6 million on April 4, 2023. Beverly JCG will issue 1,390 million new shares for consideration. As per agreement, The transaction is completion of the business, environmental, financial, tax and legal due diligence by Beverly JCG, the approval of the Board, and if required, the requisite approval of the shareholders of Beverly JCG, the approval in-principle being granted by the SGX-ST for listing of new shares, all approvals and consents from all relevant governmental, statutory, regulatory and other competent authorities in Singapore, Malaysia or elsewhere and any other third parties applicable to Beverly JCG. ZICO Capital Pte. Ltd. acted as fairness opinion provider to Beverly JCG.

Beverly JCG Ltd. (Catalist:VFP) completed the acquisition of Beverly Bangsar Sdn. Bhd. from Dato? Ng Tian Sang @ Ng Kek Chuan, Howard Ng How Er, Alexander Ng Zhonglie, Wong Jinly and The Sloane Group Sdn. Bhd. on September 15, 2023.