Haopeng Zhang Pty Ltd entered into an equity purchase deed to acquire 19.99% stake in Amazon Investments (Aust) Pty Ltd from Faster Enterprises Limited (ASX:FE8) for AUD 1 million on January 12, 2018. The transaction is expected to complete by the end of February 2018. Faster Enterprises Limited will use the proceeds from the transaction to reinvest in other development properties. Haopeng Zhang Pty Ltd completed the acquisition of 19.99% stake in Amazon Investments (Aust) Pty Ltd from Faster Enterprises Limited (ASX:FE8) in the period ended June 30, 2018.