Get Nice Financial Group Limited (SEHK:1469) entered into an agreement to acquire Red Eagle Securities Limited from Hung Hon Shing for HKD 62.8 million on January 13, 2020. According to the transaction, Get Nice Financial Group Limited will acquire 60 million shares for HKD 62.8 million which is subject to adjustment. The consideration of HKD 6.2 million will be paid upon signing of the agreement and balance consideration will be paid upon completion in cash. The transaction will be funded from internal resources. Upon Completion, Red Eagle Securities Limited will become an indirect wholly owned subsidiary of GNFG. For the financial year March 31, 2019, Red Eagle Securities Limited reported net income of HKD 0.3 million. The transaction is subject to approval of relevant governmental authorities and completion of due diligence. The transaction will be completed within five business days after the fulfillment of conditions. Get Nice Financial Group Limited (SEHK:1469) cancelled the acquisition of Red Eagle Securities Limited from Hung Hon Shing on January 13, 2021.