Aspen Group

Aspen (Group) Holdings Limited (“AGH”) is a company incorporated in Singapore and is listed on the Catalist of the Singapore Exchange Securities Trading Limited (the “SGX-ST”). AGH, together with its subsidiaries (collectively, the “AGH Group”), is a property development group based in Malaysia with a focus on developing affordable residential and mixed development properties at strategic locations, with quality infrastructure and amenities, which target middle-income mass market purchasers. The AGH Group provides value-added options and services for its completed units, such as quality furnishing and home appliances from reputable brands at cost efficient prices.

Oxley believes that there are synergies between the Group and the AGH Group as both groups are principally engaged in the business of property development and property investment. Moving forward, the parties may enter into joint ventures for the development of the Group’s property development projects in Malaysia or collaborate in other aspects of the business. The Company believes that the Group will be able to tap on the experience and expertise of the AGH Group in the Malaysian market. In addition, the parties may also co-invest in suitable property development projects in the region.