Hafary Holdings Ltd : Joint venture for the proposed acquisition of shophouse) . Purchase consideration for the proposed acquisition is s$4.1 million . The jv co has entered into a sale and purchase agreement with the administrator for the estate of pang teck wah . Proposed acquisition will be financed through bank borrowings and internal resources of the company . Proposed acquisition is not expected to have any material impact on earnings per share for current financial year ending 31 December 2016 .