Natural Cool Holdings Limited (Catalist:5IF) entered into a sale and purchase agreement to acquire 51% stake in Nam Fang Co pte ltd from Chew Kiat Keong Andrew for SGD 0.4726 million on December 20, 2021. The consideration shall be satisfied wholly in cash on the date of completion of the proposed acquisition, and is funded by internal resources of the Group. The completion is subject to the fulfilment and satisfaction of the conditions precedent, including legal and financial due diligence exercise on the target, and obtaining regulatory and Natural Cool Holdings Limited shareholders approval.