Amplefield Limited (Catalist:AOF) entered into a sale and purchase agreement to acquire 40% stake in CAM Mechatronic (Philippines) Inc. from CMP Mechatronics Inc. for SGD 2 million on July 14, 2020. Under the terms of the agreement, Amplefield will acquire 19.2 million shares. Amplefield has agreed with CMP Mechatronics that the outstanding amount of approximately SGD 1.75 million owing by CMP Mechatronics to Amplefield shall be set off against the consideration, in partial settlement and satisfaction of the consideration payable by Amplefield. The balance of the consideration of approximately SGD 0.25 million will be payable in cash on such date or dates to be mutually agreed. Upon completion of the transaction, CAM Mechatronic (Philippines) Inc. will become a 40%-owned associated company of Amplefield Limited while CMP Mechatronics Inc. will own 59.99% of CAM Mechatronic (Philippines) Inc. CAM Mechatronic (Philippines) had net asset value of SGD 1.32 million as at September 30, 2019. The transaction is not expected to have any material impact on the earnings per share and the net tangible assets per share of Amplefield for year 2020. Amplefield Limited (Catalist:AOF) completed the acquisition of 40% stake in CAM Mechatronic (Philippines) Inc. from CMP Mechatronics Inc. on July 31, 2020.