AGBA Group to acquire Sony Life Financial Advisers for SG$2.5M (US$1.88M)

Triller Group Inc.

Purchase price SG$2.5M cash for 100% of SLFA, a licensed financial advisor and exempt insurance broker in Singapore.
Expected close in Q3 2023, subject to regulatory approvals and customary conditions; long-stop date Sept 30, 2023.
SLFA established 2017, serves affluent expatriate and local customers; consideration adjusted for cash balance (min S$680k).
Acquisition by AGBA subsidiary OnePlatform International; seller is Sony Life Singapore Pte. Ltd.
Agreement includes non-compete, confidentiality, and pre-completion undertakings to maintain ordinary course.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Triller Group Inc. entered into Purchase Agreement with Sony Life Singapore Pte. Ltd. valued at SG$2,500,000 (approximately US$1,882,000) (effective 2023-04-05).

Action: entry
Agreement: asset purchase
Counterparty: Sony Life Singapore Pte. Ltd.
Value: SG$2,500,000 (approximately US$1,882,000)
Effective: 2023-04-05

Exact text from the filing

On April 5, 2023, OnePlatform International Limited, a Hong Kong company and a wholly owned subsidiary of AGBA Group Holding Limited (the “Purchaser”), entered into a sale and purchase agreement (the “Purchase Agreement”) with Sony Life Singapore Pte. Ltd., a Singapore company (the “Seller”) to purchase 100% of Sony Life Financial Advisers Pte. Ltd., a Singapore company (“SLFA”).

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Source: SEC EDGAR

accession 0001213900-23-027356

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