TeleChoice International Limited (SGX:T41) acquired remaining 49% stake in Planet Smart Services Pte. Ltd. from Hun Tock Juan Ronnie on January 2, 2019. TeleChoice purchased 0.294 million ordinary shares in Planet Smart Services. The consideration for the purchase is 49% of the net tangible assets (“NTA”) of Planet Smart Services as at December 31, 2018 and will be known only when the Planet Smart Services audited accounts are available. At completion, TeleChoice paid an initial consideration of SGD 0.6 million which is equivalent to 49% of the NTA of Planet Smart Services as at November 30, 2018. The balance of the consideration will be payable not later than April 21, 2019. The consideration is being funded through internal resources of TeleChoice and its subsidiaries. Assuming that the transaction had been completed on January 1, 2017, the proforma earnings per share for TeleChoice International Limited before and after the transaction would have been SGD 1.8 and SGD 1.82 respectively. Assuming that the transaction had been completed on December 31, 2017, the proforma NTA per share for TeleChoice International Limited would have been SGD 13.39 and SGD 13.26 respectively. TeleChoice International Limited completed the acquisition of remaining 49% stake in Planet Smart Services Pte. Ltd. from Hun Tock Juan Ronnie for SGD 0.68 million on January 2, 2019. As of May 31, 2019, the total consideration for acquisition is determined as SGD 0.68 million, based on the Planet Smart Services audited accounts. Accordingly, TeleChoice International has, on the date hereof, paid to Hun Tock Juan Ronnie the balance amount of the consideration of SGD 0.08 million.