Dato' Eddy Kok Seng Yeap entered into a stock purchase agreement to acquuire 78.26% stake in Hotel Outsource Management International Inc. (OTCPK:HOUM) from Tomwood Limited, Daniel Cohen, Avraham Bahry and Jacob Ronnel for $0.26 million in cash on November 19, 2014. Dato' Eddy Kok Seng Yeap will deposit $0.2 million in an escrow account and transfer the balance on closing. As a condition to the transaction, Hotel Outsource Management International's officers and directors will resign and be duly replaced by the Dato' Eddy's designees. Andrea Weinstein of Schonfeld & Weinstein acted as legal advisor to Tomwood Limited, Daniel Cohen, Avraham Bahry and Jacob Ronnel. Schonfeld & Weinstein acted as escrow agent in the transaction. Fullsino Investments Limited acted as consultant in the transaction. Frascona, Joiner, Goodman and Greenstein, P.C acted as legal advisor to Dato' Eddy Kok Seng Yeap.


Dato' Eddy Kok Seng Yeap completed the acquisition of 78.26% stake in Hotel Outsource Management International Inc. (OTCPK:HOUM) from Tomwood Limited from Tomwood Limited, Daniel Cohen, Avraham Bahry and Jacob Ronnel on November 25, 2014.