Toga Limited (OTCPK:TOGL) entered into a letter of intent to acquire Toga Capital Sdn Bhd from Toh Kok Soon and other sellers for MYR 1.7 million on August 31, 2017. Toga Limited will issue 0.1 million shares. The shareholders of Toga Capital Sdn Bhd are also shareholders of the Toga Capital and collectively own 98.1% of the Toga Capital’s current issued and outstanding shares of common stock. The acquisition of Toga Capital is contingent upon Toga Capital Sdn Bhd providing financial statements for its last two fiscal years, along with an audit report and entering into a definitive share exchange agreement. Toga Limited (OTCPK:TOGL) cancelled the acquisition of Toga Capital Sdn Bhd from Toh Kok Soon and other sellers on August 31, 2018.