Mar, 10 2026—Aspial Lifestyle Limited said its indirect wholly owned unit, Maxi Cash (Malaysia) Sdn. Bhd., has entered into share-sale agreements to acquire up to 100 per cent of Ion World Sdn. Bhd., Kedai Emas Ion Sdn. Bhd. and Focus Resources Sdn. Bhd. (the “Target Group”).

Eight existing shareholders have accepted the offer, giving Maxi Cash an immediate 51.04 per cent stake in each target. The remaining shareholders have until Apr, 7 2026 to accept, after which the offer will lapse.

The agreed equity value for all the shares is 152.0 million Malaysian ringgit, or about 49.0 million Singapore dollars. An initial deposit of 7.8 million ringgit (2.5 million Singapore dollars) will be paid shortly after signing; the balance of 69.8 million ringgit (22.5 million Singapore dollars) is due at completion, subject to adjustments. Funding will come from internal resources and external borrowings.

For the twelve months ended Dec, 31 2025, the Target Group posted a book value of 56.9 million ringgit (18.0 million Singapore dollars) and net profit of 36.7 million ringgit (11.6 million Singapore dollars).

Under Singapore Exchange Catalist Rule 1006, the deal constitutes a discloseable transaction, with relative figures of 11.32 per cent for net profits and 8.26 per cent for consideration if all shareholders accept.

Aspial Lifestyle said the acquisition will raise its existing interest in Malaysia-based Maxion Holdings and support the group’s strategy to grow its pawnbroking and jewellery retail network in the country.