Centrepoint Alliance Limited (ASX:CAF) agreed to acquire Enzumo Corporation Pty Ltd and Enzumo Consulting Pty Ltd from Chant West Holdings Limited (ASX:CWL) for AUD 1.5 million on June 1, 2020. Under the term of the transaction, the consideration will be settled in cash and is subject to a working capital adjustment on completion. The consideration will be payable on completion of the acquisition. Enzumo Corporation Pty Ltd and Enzumo Consulting Pty Ltd will retain and continue trading under their existing name, branding and corporate structure. Enzumo Corporation Pty Ltd and Enzumo Consulting Pty Ltd reported the revenues of AUD 1.9 million for financial year 2019. The transaction is subject to certain conditions, but does not require shareholder approval. The transaction is expected to close by mid-June 2020. As on June 17, 2020, transaction becomes unconditional.

Centrepoint Alliance Limited (ASX:CAF) completed the acquisition of Enzumo Corporation Pty Ltd and Enzumo Consulting Pty Ltd from Chant West Holdings Limited (ASX:CWL) on June 17, 2020.