iFAST Corporation Ltd. (AIY) said on Jan, 5 2026 that it has signed a conditional agreement to acquire a 30% interest in Financial Alliance Corporation Limited for about 19.6 million Singapore dollars in cash.

The price represents an estimated price-to-earnings multiple of roughly 16 times for fiscal year 2025 and 12 times for fiscal year 2026. iFAST plans to fund the purchase through a combination of internal resources and external borrowings.

Financial Alliance Corporation is the parent of Financial Alliance Pte. Ltd., a Singapore-based financial advisory firm with more than 450 representatives, and the majority owner of FA Advisory Sdn Bhd in Malaysia.

iFAST said the deal will strengthen links between its digital wealth platform and the business-to-business advisory segment, supporting Financial Alliance’s expansion and a potential stock-market listing within two to three years.

The transaction falls below the 5% thresholds under Singapore Exchange Rule 1006 and is classified as a non-discloseable transaction. It is not expected to have a material effect on iFAST’s earnings per share or net asset value for the year ending Dec, 31 2026, though management expects it to be earnings accretive under normal operations.