Daisan Co., Ltd. (TSE:4750) signed a share transfer agreement to acquire Mirador Building Contractor Pte. Ltd., Golden Light House Engineering Pte Ltd. and PM & I Pte. Ltd. from Koh Ah Nang, Soon Sing and Soon Wei Min for SGD 19.7 million on April 22, 2019. Daisan will acquire 80% stake in Mirador Building Contractor in first round, 10% stake in second, 5% in third and 5% in fourth. Koh Ah Nang holds 40% stake, Soon Sing holds 30% stake and Soon Wei Min holds 30% stake in Mirador Building Contractor. Daisan has entered into an agreement to acquire remaining 20% stake in Mirador Building Contractor Pte. Ltd from Soon Wei Min on May 7, 2020. Under the terms, 0.8 million shares will be acquired for 80% stake. Soon Sing holds 100% stake in Golden Light House Engineering Pte Ltd. and PM & I Pte. Ltd. On competition, Daisan will hold 100% stake in Mirador Building Contractor Pte. Ltd., Golden Light House Engineering Pte Ltd. and PM & I Pte. Ltd. The Board of Directors of Daisan resolved the transaction on April 22, 2019. The first round is planned to complete on May 10, 2019, second round in May 2020, third round in May 2021 and fourth round in May 2022. As on May 7, 2020, the transaction is expected to close on May 11, 2020.