InvesCore Financial Group Pte. Ltd. entered into non-binding heads of terms to acquire Fintech Asia Limited (LSE : FINA) in a reverse merger transaction on March 14, 2023. The consideration for the proposed acquisition shall be satisfied by the issue of ordinary shares in Fintech Asia equivalent to not less than 80% and not more than 90% of the total share capital of Fintech Asia. Upon the occurrence of a Break Fee Event, InvesCore and its vendors will be jointly and severally liable to pay Fintech Asia the actual costs it has incurred in relation to the proposed acquisition of up to £2 million in cash. As of January 23, 2025, ICFG Limited signed an acquisition agreement on January 23, 2025. EGM of ICFG Limited will be held on February 11, 2025. the Company is proposing to change its name to "ICFG Limited", subject to the passing of the requisite resolution at the Extraordinary General Meeting and Admission. At that time, the Company's stock ticker symbol will be changed to "ICFG".

Completion of the proposed acquisition is subject to various conditions, including the completion of appropriate due diligence, the entering into of a sale and purchase agreement, the approval of Fintech Asia shareholders at a general meeting to be convened in due course, the publication of a prospectus by Fintech and approval of FCA. The long stop date for the entering into a definitive sale and purchase agreement is December 31, 2023. As of September 8, 2023. intech Asia Ltd on Friday said it obtained an unsecured committed facility of GBP1 million via a convertible loan note instrument with the noteholder IVC Estonia OU. Rory Murphy of Strand Hanson Limited acted as financial advisor of Fintech Asia Limited.

InvesCore Financial Group Pte. Ltd. completed the acquisition of Fintech Asia Limited (LSE : FINA) in a reverse merger transaction on February 12, 2025. Fintech Asia's name will be legally changed to ICFG Limited and is expected to be effective on market on February 13, 2025 with the TIDM changing to 'ICFG'.