Autagco (SGX:1D3) subsidiary Lifebrandz Investment Management on Tuesday completed all payment obligations for its acquisition of Auspac Financial Advisory, according to a same-day filing with the Singapore Exchange.
LBIM received a letter from the vendor, Auspac Financial Services, agreeing to its request to waive the balance of consideration of SG$227,500 to proceed with the transaction.
The request for the waiver was made as Auspac Financial Services still owed Auspac Financial Advisory A$2.3 million, which was included in the proposed acquisition.
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