Chan Tsz Yin, James Li and Lo Ting Hong acquired Royston Securities Limited from Edvance International Holdings Limited (SEHK:1410) and Raymond Liu for HKD 6.4 million on April 26, 2024. The sale shares comprise of 0.0155 million shares of Royston Securities Limited. Edvance was the legal and beneficial owner of 0.0093 million shares representing 60% and Raymond Liu held 0.0062 million shares representing 40% in Royston Securities. Royston Securities reported total assets of HKD 4.752 million and net assets of HKD 4.334 million as at March 31, 2024. The board approved the transaction and Raymond Liu (being an executive director, the sole shareholder of Jaguar Investment and a party) has abstained from voting on the relevant resolutions of the board approving the agreement and the disposal. Edvance intends to use the sale proceeds from the disposal as the general working capital of Edvance.

Chan Tsz Yin, James Li and Lo Ting Hong completed the acquisition of Royston Securities Limited from Edvance International Holdings Limited (SEHK:1410) and Raymond Liu on April 26, 2024.