CASCADE METALS PTE. LTD. entered into a legally-binding memorandum of understanding to acquire Libra Engineering Pte. Ltd. from Libra Group Limited (Catalist:5TR) for SGD 0.1 million on December 31, 2019. The consideration price will be paid in cash. As part of the transaction, Cascade Metals PTE. Ltd. and Libra Group Limited shall negotiate in good faith, and use reasonable endeavors to agree on the terms and conditions of the sale and purchase agreement and any other agreements to be entered into definitive agreements with respect to the proposed disposal on or prior to January 31, 2020 or such other date as the parties may agree in writing as well as all related matters to enable the consummation of the proposed disposal. The signing of the definitive agreements shall be conditional upon the following conditions that are board approvals of Cascade Metals PTE. Ltd. and Libra Group Limited, approvals from Libra Group Limited's sponsor, novation of all debts of the Libra Engineering Pte. Ltd. that are guaranteed by the Libra Group Limited, cancellation or termination of all guarantees provided by the Libra Engineering Pte. Ltd. to any lenders in favor of the Libra Group Limited, cancellation or termination of all intra-group debts owing by the Libra Engineering Pte. Ltd to the Libra Group Limited and other customary conditions. As on February 17, 2020, Libra group and Cascade Metals have agreed to extend the long stop date to enter into the definitive agreement to March 31, 2020. As on April 2, 2020 parties have agreed to extend the long stop date to enter into the definitive agreement to May 31, 2020. As on May 29, 2020 parties have agreed to extend the long stop date to enter into the definitive agreement to June 30, 2020. Goh Keng Haw of Foxwood LLC acted as legal advisor to Cascade Metals PTE. Ltd.