Zeng Hua agreed to acquire Ample Ocean Holdings Limited from Pizu Group Holdings Limited (SEHK:8053) for $3.9 million on July 24, 2019. Zeng Hua will acquire 0.05 million shares of Ample Ocean. For the year ended MArch 31, 2019, Ample Ocean had total assets of $21.16 million, net assets of $3.52 million, revenues of $56.19 million and net income of $1.7 million. The deal is expected to close on August 15, 2019. The net proceeds from the transaction will be used for Pizu Group's business development and general working capital.