China Gem Holdings Limited (SEHK:1191) entered into the share transfer agreement to acquire Dalian Yidi Agricultural Development Co., Limited from Lei Xuesong for RMB 33 million on June 28, 2021. The consideration will be paid by issuing 1-year transferable bonds with an annual interest rate of 6%. Dalian Yidi recorded revenue of RMB 3.5 million for the year ended 31 December, 2021. The transaction is expected to close within 30 working days.