Under the terms of the sale and purchase agreement (SPA), the first tranche of the payment consideration has been paid.
LMS Compliance has completed its acquisition of a 75% stake in novel food certification and registration services provider, Anchor Technology Holdings, on July 11. Anchor Technology Holdings is now a 75%-owned indirect subsidiary of LMS Compliance.
The acquisition was first announced on Jan 27, when LMS Compliance said it will be acquiring the stake for US$4.51 million or $5.98 million at the time.
