Vantage Network Global Limited entered into an agreement to acquire B&R Investment Holding Limited from Great Wall Belt & Road Holdings Limited (SEHK:524) for CNY 47.5 million on November 20, 2020. Vantage Network Global will pay CNY 23.8 million before November 27, 2020 and balance of consideration on the closing of the transaction. The transaction subject to due diligence review in respect of the assets, liabilities, operation and affairs of the target and approval of Great Wall Belt & Road's and Vantage Network shareholders. On March 17, 2021 Target shareholders approved the deal. Great Wall Belt & Road intends to apply the net proceeds as general working capital. Vantage Network Global Limited completed the acquisition of B&R Investment Holding Limited from Great Wall Belt & Road Holdings Limited (SEHK:524) on March 19, 2021.