Jasper Investments Limited (SGX:FQ7) agreed to acquire 51% stake in Prosper Excel Engineering Pte. Ltd. from Johnny Lian Tian Yong for SGD 18.3million on June 26, 2024. A cash consideration of SGD 5 million will be paid by Jasper Investments Limited.

The consideration consists of 1.67 billion common equity of Jasper Investments Limited having a value of SGD 2.5 million to be issued for common equity of Prosper Excel Engineering Pte. Ltd. As part of consideration, SGD 18.3 million is paid towards common equity of Prosper Excel Engineering Pte. Ltd. The acquisition will be funded by proceeds from the marine player's larger fundraising and debt capitalization exercise.