LMS Compliance advances Anchor Tech acquisition with second tranche payment

It paid a total of $124,407.

LMS Compliance Ltd has paid the second tranche of the purchase consideration for its acquisition of a 75% stake in Anchor Technology Holdings Co., Limited on 26 March 2026, forming part of the agreed settlement structure.

The payment amounted to $124,407 (US$93,800) based on the agreed exchange rate, according to an SGX filing.

The acquisition involves an aggregate consideration of about $5.73m (US$4.51m), based on current exchange rates, payable in cash and new shares in LMS Compliance Ltd.

The issue price per consideration share carries a 15% premium over the six-month volume-weighted average price on the SGX-ST prior to the completion date.

The board of LMS Compliance referred to earlier announcements dated 27 January 2025, 2 May 2025, and 11 July 2025 regarding the sale and purchase agreement governing the transaction.

The company added that remaining tranches of the purchase consideration remain subject to settlement in line with the terms of the agreement.

(US$1 = SG$1.27)

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