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Aspial Lifestyle's Unit Completes Acquisition of Malaysian Pawnbroking Firms

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Aspial Lifestyle's (SGX:5UF) subsidiary, Maxi Cash (Malaysia), completed the acquisition of Malaysian pawnbroking and jewelry retailing companies, Ion World and Kedai Emas, according to a Friday filing with the Singapore Exchange.

On completion, the total purchase consideration paid was 147.3 million ringgit.

Meanwhile, Maxi retained 3 million ringgit of the purchase consideration for up to 12 months as security against any potential liabilities, claims, losses, or other actions arising from the proposed acquisition.

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