A Singapore web-based Consumer-to-Consumer (C2C) and Business-to-Consumer (B2C) Marketplace Company (Client) had acquired another Singapore-based online marketplace classifieds company (Company) with subsidiaries in Malaysia, Vietnam, and Myanmar (the Subsidiaries). The Client acquired 100% of the Company in an all-stock deal with the entire purchase consideration satisfied by issuing equity shares in the Client to the seller (the Transaction). The sources of revenue for the Subsidiaries included classified revenue and display revenue. Classified Revenue Primarily includes listing fees and fees for premium services. The total classified revenue primarily comprises revenue from vehicles, property, jobs & services.

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