Far East Group Limited (Catalist:5TJ) entered into a sale and purchase agreement to acquire an additional 20% stake in Coolwerkz Engineering Limited from Tempcool Engineering (S) Pte. Ltd. and Lin Myint Mo Trading Co., Ltd. for SGD 0.1 million on October 2, 2019. Far East Group Limited will acquire 0.1 million ordinary shares. The consideration is payable in cash on the date of the completion. Coolwerkz is currently a 40%-owned joint venture of the Far East Group Limited. Following the completion of the proposed acquisition, Coolwerkz will become a 60%-owned subsidiary of the Far East Group Limited. The transaction will be funded by the Far East Group Limited’s internal resources. The transaction is not expected to have any material impact on the earnings per share and net tangible assets per share of Far East Group Limited for the current financial year ending December 31, 2019. Far East Group Limited (Catalist:5TJ) completed the acquisition of additional 20% stake in Coolwerkz Engineering Limited from Tempcool Engineering (S) Pte. Ltd. and Lin Myint Mo Trading Co., Ltd. on October 8, 2019.