Quarterly report pursuant to Section 13 or 15(d)

ACQUISITIONS OF SUBSIDIARIES

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ACQUISITIONS OF SUBSIDIARIES
 6 Months Ended
Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
ACQUISITIONS OF SUBSIDIARIES ACQUISITIONS OF SUBSIDIARIES
Acquisition of SilkNetCom
SilkNetCom LLP specializes in the field of provider services, IT and construction of telecommunications networks in private and public sectors.
On September 17, 2024, the Company completed the acquisition of SilkNetCom by purchasing 100% of its outstanding shares. The purpose and reason for the acquisition of SilkNetCom was to use the acquired assets and licenses to develop its telecommunications business.
At the reporting date, September 30, 2024, final valuation of SilkNetCom was not completed. According to the preliminary results, as of September 17, 2024, the date of the acquisition of SilkNetCom, the fair value of net assets of SilkNetCom was $20,552. The total purchase price was allocated as follows:
As of September 17, 2024
ASSETS
Cash and cash equivalents 54 
Margin lending, brokerage and other receivables, net 44 
Fixed assets, net 37,878 
Other assets, net 7,634 
TOTAL ASSETS 45,610 
LIABILITIES
Margin lending and trade payables 219 
Current income tax liability 5 
Other liabilities 24,834 
TOTAL LIABILITIES 25,058 
Net assets acquired 20,552 
Goodwill 3,328 
Total purchase price 23,880