CoAssets Limited (ASX:CA8) signed a non-binding memorandum of understanding to acquire 49% stake in Fintech Pte Ltd from Brighten Management Limited on March 9, 2017. As on April 21, 2017, CoAssets Limited signed a share sale and purchase agreement to acquire 49% stake in Fintech Pte Ltd from Brighten Management Limited for HKD 36.5 million on April 21, 2017. Under the terms of the transaction, CoAssets Limited will acquire 0.01 million fully paid ordinary shares of Fintech Pte Ltd over four tranches from April 2017 to October 2018 and issue 27.2 million fully paid ordinary shares of CoAssets Limited to in corresponding four tranches in Brighten Management Limited from April 2017 to October 2018. The transaction is subject to approval from the shareholders of CoAssets Limited. The transaction is expected to close by April 2017. Annual General Meeting of the CoAssets Limited will be held on November 29, 2017. As on May 15, 2017, CoAssets Limited issued 6 million shares to acquire 10.8% stake in Fintech Pte Ltd. As of October 17, 2018, CoAssets Limited seeks its shareholders approval for the issuance of third tranche of consideration shares at the annual general meeting to be held on November 21, 2018. Out of the four tranches, three tranches comprising of 27% stake have been acquired and the last tranche is due for completion in October, 2018. CoAssets Limited (ASX:CA8) completed the acquisition of 49% stake in Fintech Pte Ltd from Brighten Management Limited on October 23, 2018. CoAssets Limited issued 12.2 million consideration shares in exchnage of 22% stake in Fintech. As of November 21, 2018, CoAssets Limited shareholders approved the issuance of consideration shares.