Neo Group Limited (Catalist:5UJ) acquired remaining 7% stake in Thong Siek Global Pte. Ltd. from Lim Siow Sze, Chong Meng Hoe and Lim Xiao Fei for SGD 1.05 million on February 24, 2020. The consideration will be paid by way of cheque by Neo Group on or before May 31, 2020. Following acquisition, TSG is now a wholly owned subsidiary of the Neo Group Limited. The acquisition will be funded through internal resources and/or external borrowings. Neo Group Limited (Catalist:5UJ) completed the acquisition of remaining 7% stake in Thong Siek Global Pte. Ltd. from Lim Siow Sze, Chong Meng Hoe and Lim Xiao Fei on February 24, 2020.