China Goldjoy Group Limited (SEHK:1282) entered into an agreement to acquire the remaining 20% stake in China Goldjoy Credit Limited from Cheung Lit Wan Kenneth for HKD 92.9 million on January 10, 2019. Pursuant to the terms of the transaction, China Goldjoy Group Limited will pay HKD 32.5 million on or before January 11, 2019, HKD 46.4 million on or before January 31, 2019 and remaining HKD 13.9 million upon the release of 2018 audited financial statement of the China Goldjoy Credit Limited. In related transaction China Goldjoy Group Limited agreed to acquire 20% stake in seven companies from Cheung Lit Wan Kenneth for approximately HKD 110 million. China Goldjoy Group Limited will finance the transaction from internal resources. Post completion China Goldjoy Credit Limited will operate as a wholly owned subsidiary of China Goldjoy Group Limited. China Goldjoy Group Limited (SEHK:1282) cancelled the acquisition of the remaining 20% stake in China Goldjoy Credit Limited from Cheung Lit Wan Kenneth on January 10, 2020.