Pollux Properties Ltd. (Catalist:5AE) acquired remaining 49.99% stake in Stirling Fort Capital Pte. Ltd from Chan Kah Wai, Elwyn and Chia Yew Nguan for SGD 0.3 million on October 7, 2020. Pollux will acquire 285,000 ordinary shares and 15,000 ordinary shares from Chan Kah Wai, Elwyn and Chia Yew Nguan respectively. The Proposed Acquisition is expected to be funded by the Group’s internal resources which are mainly derived from operational cash flows. Stirling Fort Capital will be a wholly-owned subsidiary of the Group following the completion of the acquisition. Pursuant to the Agreement, the Vendors agree to the following non-exhaustive conditions which shall be regarded as fundamental terms: save as otherwise abridged or terminated by the Company, the Vendors shall continue to be in the Company’s employment for a period of six (6) months from the date of the Agreement (provided always that both parties by mutual consent may opt for early termination) and at the option or election of the Company, continue to be employed for a further period of six (6) months after the expiry of the 1st six (6) months period; for the avoidance of doubt, the Vendors shall continue in the Company’s employment from September 1, 2020 without any remuneration or salary whatsoever and shall continue to be in the Company’s employment in accordance with this Agreement; the Vendors shall ensure that the Registered Fund Management Company (“RFMC”) licence granted by MAS continues to be valid and effective at the time of the completion of the Agreement; and the Vendors shall undertake and ensure that all compliance measures have been taken and implemented in order to ensure that the RFMC licence is properly transferred or assigned to the Company’s new management and these shall include the handover of SOPs, Anti-Money Laundering protocols, proper Know-Your-Client and due diligence protocols, documents and materials. The Proposed Acquisition is not expected to have a material impact on the Company’s net asset value per share or earnings per share for the financial year ending March 31, 2021. Pollux Properties Ltd. (Catalist:5AE) completed the acquisition of remaining 49.99% stake in Stirling Fort Capital Pte. Ltd from Chan Kah Wai, Elwyn and Chia Yew Nguan on October 7, 2020.