An Independent third party acquired 18.8% stake in Hanbo Enterprises Holdings Limited (SEHK:1367) from Lai Leong for approximately HKD 250 million on January 25, 2017. Under the terms of the transaction, Lai Leong sold 90 million shares at a HKD 2.739 per share. After the completion of the transaction, Lai Leong will continue to hold 270 million shares representing 56.25% stake. An Independent third party completed the acquisition of 18.8% stake in Hanbo Enterprises Holdings Limited (SEHK:1367) from Lai Leong on January 25, 2017.