GPS Alliance Holdings Limited (ASX:GPS) acquired 35% stake in BMG Hotel 1887 Private Ltd from Bryan Ong Tze Yaw for SGD 0.9 million on October 18, 2019. As consideration, GPS Alliance Holdings Limited issued shares of SGD 0.75 million at AUD 0.05 (SGD 0.047) per share and paid cash of SGD 0.15 million. Prior to the transaction, Bryan Ong Tze Yaw held 100% stake in BMG Hotel 1887 Private Ltd. GPS Alliance Holdings Limited (ASX:GPS) completed the acquisition of 35% stake in BMG Hotel 1887 Private Ltd from Bryan Ong Tze Yaw on October 18, 2019.