Shirble Department Store Holdings (China) Limited (SEHK:312) entered into an agreement to acquire 19% stake in TFG International Group Limited (SEHK:542) from Ever Star International Investment Limited, Jade Leader International Investment Limited, and Yu Shunhui for approximately HKD 300 million on December 24, 2018. Under the terms of the transaction, Shirble Department Store Holdings (China) Limited will acquire 1.32 billion shares at HKD 0.225 per share. The transaction will be funded from internal cash resources. The transaction is subect to certain conditions including not triggering of an offer. If the conditions are not fulfilled by January 10, 2019, the transaction will be terminated.

Shirble Department Store Holdings (China) Limited (SEHK:312) completed the acquisition of 19% stake in TFG International Group Limited (SEHK:542) from Ever Star International Investment Limited, Jade Leader International Investment Limited, and Yu Shunhui on January 9, 2019.