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6 August 2021 ASX Announcement Wiseway’s Strategic Acquisition of Singapore-based Air Freight Company Wiseway Group Limited (ASX: WWG or ‘’Wiseway’’) announced today that its wholly owned subsidiary Wiseway Logistics Pte Ltd (“Wiseway Singapore”) has entered into an agreement to acquire 100% of TAF E-Logistics (Asia) Pte Ltd (‘’TAF’’) (“Proposed Acquisition”). TAF is a Singapore-based freight and logistics company with more than 30 years of operations serving Singapore and the American and Southeast Asian markets. The company had a revenue of SGD$ 1.7 million1 (A$ 1.7 million)2 and a positive operating margin before tax for the year ended 31 December 2020, and as of 30 June 2021, it had SGD$ 1.1 million1 (A$ 1.1 million)2 in net assets. Wiseway, through its subsidiary Wiseway Singapore, will be acquiring TAF for SGD$ 1.1 million (A$ 1.1 million)2 (“Cash Consideration”) and an issue of 400,000 fully paid ordinary shares3 in Wiseway (“Consideration Shares”) to be issued on completion of ...