Voyage Wisdom Limited agreed to acquire 10% stake in SouthGobi Resources Ltd. (TSX:SGQ) from Novel Sunrise Investments Limited for approximately CNY 170 million on December 21, 2016. Under the terms of the settlement agreement, the total consideration paid is CNY 166 million for 25.7 million shares acquired. After the completion of the transaction, Novel Sunrise Investments controls 17.99% stake. The acquisition of the purchased shares is financed by four independent lenders and the purchased shares will be pledged to the lenders. Voyage Wisdom Limited completed the acquisition of 10% stake in SouthGobi Resources Ltd. (TSX:SGQ) from Novel Sunrise Investments Limited on January 11, 2017.