Emperor Entertainment Hotel Limited (SEHK:296) agreed to acquire additional 5% stake in Luck United Holdings Limited for approximately HKD 160 million on December 27, 2018. Emperor Entertainment Hotel Limited will pay HKD 12.25 for the loan and remaining HKD 142.8 million for 500 shares of Luck United Holdings Limited. Emperor Entertainment Hotel Limited will pay HKD 46.5 million as deposit upon the execution of the agreement and balance of HKD 108.5 million upon the completion. Emperor Entertainment Hotel Limited will fund the transaction from internal resources. Post completion Emperor Entertainment Hotel Limited will hold 80% stake in Luck United Holdings Limited. For the year ended March 31, 2018, Luck United Holdings Limited had profit after tax of HKD 285.4 million. The transaction is subject to approval of the Board of Directors Emperor Entertainment Hotel Limited and its parent, Emperor International Holdings Limited (SEHK:163) and approval of independent shareholders of Emperor Entertainment Hotel Limited. If conditions are not fulfilled within one month from the date of agreement, Emperor Entertainment Hotel Limited shall be entitled to terminate the agreement. The completion shall take place within two business days following satisfaction of all the conditions precedent or such other date as agreed by the parties. Emperor Entertainment Hotel Limited (SEHK:296) completed the acquisition of additional 5% stake in Luck United Holdings Limited on January 25, 2019.