Chua Wie Khern entered into an agreement to acquire majority stake in AT Reservation Network Pte. Ltd., AT Express Pte. Ltd., OV International Pte. Ltd., SH Tours Pte. Ltd., Freeneasy Travel Pte. Ltd., Precise Reform Limited and Open Gate Developments Limited (target companies) from Asiatravel.com Holdings Ltd (OTCPK:ATVO.F) for SGD 7 on December 31, 2020. Pursuant to the terms, Asiatravel.com Holdings will sell 100% stake in each of AT Reservation Network, SH Tours, Precise Reform and Open Gate Developments; 99.99% stake in OV International and 50% each in AT Express and Freeneasy Travel. Post-completion, target companies will cease to be subsidiaries of Asiatravel.com Holdings. As of December 31, 2019, target companies reported total net liabilities of SGD 15.1 million. The transaction is subject to approval from shareholders of Asiatravel.com Holdings. As of May 2, 2021, share purchase agreement entered earlier was amended and the transaction is expected to close between June 30, 2021 to December 31, 2021.