Gorgeous Real Investment Holding Limited and Variant Wealth Investment Development Limited agreed to acquire a 51.50% stake in Future Data Group Limited (SEHK:8229) for HKD 59.2 million on September 4, 2022. Under the terms, Gorgeous Real Investment Holding Limited and Variant Wealth Investment Development will acquire 206,000,000 shares representing 51.50% shares of Future Data. Transaction is expected to close on September 23, 2022. The transaction is expected to complete on September 28, 2022. Lego Corporate Finance Limited acted as financial advisor to Gorgeous Real Investment Holding Limited and Variant Wealth Investment Development Limited. Altus Capital Limited acted as a financial advisor to Independent Board Committee and the Independent Shareholders in connection with the Offer.

Gorgeous Real Investment Holding Limited and Variant Wealth Investment Development Limited completed the acquisition of a 51.50% stake in Future Data Group Limited (SEHK:8229) on September 28, 2022.