Digital Domain Holdings Limited (SEHK:547) entered into an agreement to acquire 25% stake in Post Production Office Limited from Nicholas Tse for HKD 30.9 million on January 22, 2016. Under the terms of the agreement, Digital Domain Holdings Limited will issue 87.05 million shares for 25 shares of Post Production Office Limited. Post-acquisition, Nicholas Tse holds 15% stake in Post Production Office Limited.

In a related transaction, Digital Domain Holdings Limited (SEHK:547) entered into an agreement to acquire 60% stake in Post Production Office Limited from See Corporation Limited (SEHK:491) for HKD 95 million. Post Production Office Limited reported net liabilities of HKD 50.1 million, loss after tax of HKD 24.44 million and loss before tax of HKD 23.94 million for the year ended December 31, 2015. The deal is subject to the listing committee of the stock exchange granting listing of and permission to deal in the consideration shares, Digital Domain Holdings Limited being satisfied with the results of the due diligence review of Post Production Office Limited, all necessary third party approvals, Nicholas Tse having advanced an additional shareholder's loan of HKD 20 million to Post Production Office Limited, the waiver in full of the shareholders' loan owed by Post Production Office Limited, completion of See Corporation Limited share purchase agreement and execution of service agreements.

If any of the conditions precedent is not fulfilled on or before May 31, 2016, the share purchase agreement will lapse.