EPS Holdings, Inc. (TSE:4282) concluded a contract to acquire 75% stake in Speed Apparel Holding Limited (SEHK:3860) from Speed Development Co. Ltd. for approximately HKD 370 million on April 26, 2021. Following the acquisition, Speed Apparel Holding Limited will change its name to "EPS Creative Health Technology Group Ltd." subject to a resolution by the extraordinary general meeting of shareholders, planned during May 2021. The transaction was resolved by the Board of Directors of EPS Holdings, Inc. on April 26, 2021. The share transfer completion date is expected to be April 27, 2021. Red Sun Capital Limited acted as financial advisor for Speed Apparel.

EPS Holdings, Inc. (TSE:4282) completed the acquisition of 75% stake in Speed Apparel Holding Limited (SEHK:3860) from Speed Development Co. Ltd. on April 26, 2021.