Ann: Confirmation of sale of Realtors8 to Cloudaron, page-6

Yes, As below

8common signs binging agreement to sell remaining 90% of Realtors8 for A$4.09m
• Purchase price of S$4.23 million (approximately A$4.09 million);
• Purchase consideration paid in 2 tranches via the issuance of up to 52,427,325 Cloudaron Group Berhad (listed in Bursa Malaysia CLOUD:MK)
shares valued at MYR12.58 million.
8common Limited (ASX: 8CO) (Company) is pleased to announce it has signed a binding Sale and Purchase Agreement to sell the remaining 90% of its shares in Realtors8 Pte Ltd and its subsidiaries for a total consideration of MYR12.58 million or approximately A$4.09 million, to Cloudaron Pte Ltd (Cloudaron).
Under the terms of the agreement – assuming all conditions are met, 8common will sell 27.45 million shares of Realtors8, representing 90% equity interest in Realtors8, for a total consideration of MYR12.59 million or approximately A$4.09 million, which shall be satisfied viathe issuance of 52,427,325 Cloudaron Group Berhad Shares at an issue price of MYR0.24 per Consideration Share in 2 tranches as follows:
Tranche 1: Approximately A$3.07 million (approximately RM9,459,228) vide the issuance of 39,413,450 within 7 Business Days after the Completion Date in accordance with the terms of the Realtors8 SPA. SGD$1.59 million (approximately A$1.53 million) of the shares will be placed under a voluntary escrow for a period of 24 months from the issue date; and
Tranche 2: Approximately A$1.02 million (approximately RM3,123,330) vide the issuance of 13,013,875 within 7 Business Days after the date of the Statement of EBITDA Calculation, subject to the EBITDA Guarantee and adjustments in accordance with the terms of the Realtors8 SPA.
The EBITDA Guarantee provided by 8common is that the combined EBITDA of Realtors8 Group for the FYE March 2019 and 31 March 2020 shall be at least S$1,050,000, with a minimum EBITDA of not less than S$400,000 for each financial year.
The transaction is expected to be completed by the 2nd quarter of 2018. Upon completion of the transaction, Realtors8 will be a wholly-owned subsidiary of Cloudaron Group Berhad.
This follows the earlier announcement on 6 November, 2018 which disclosed the completion of the sale of a 10% interest in realtors8 to Cloudaron for SGD$470,000 in cash, valuing Realtors8 at SGD$4,700,000.
The transaction follows 8common’s decision to designate the realtors8 business unit as an asset for sale. The divestment follows 8common’s decision to reposition itself to focus on the significant opportunity in its expense8 business, a leading Credit Card Application, Travel and