Sun Jiangtao made an offer to acquire additional 25.12% stake in China Binary Sale Technology Limited (SEHK:8255) for HKD 60.3 million on January 17, 2018. Sun Jiangtao made offer for 120 million shares for HKD 0.5 per share. In a related transaction Sun Jiangtao entered into an agreement to acquire additional 26.79% stake in China Binary Sale Technology Limited. The transaction will be financed by the loan facility secured by Sun Jiangtao. The offer is unconditional in all respects. An independent financial adviser will be appointed to advise the Independent Board Committee in respect of the offer. As at the date of this joint announcement, the offeror has not decided on the future composition of the Board. Independent Board Committee has recommended the independent shareholder to accept the Offer. The offer is unconditional in all respects. The offer closing date is April 30, 2018. Gram Capital Limited acted as financial advisor and First Shanghai Securities Limited as offer agent to Sun Jiangtao. China AF Corporate Finance Limited acted as financial adviser to China Binary Sale Technology Limited. Boardroom Share Registrars (HK) Limited acted as registrar in the transaction.