Sun Hong Bing acquired 18.8% stake in Wuzhou International Holdings Limited (SEHK:1369) from Boom Win Holdings for approximately HKD 320 million on November 19, 2015. Under the terms of the transaction, Boom Win shall dispose 936.43 million shares of Wuzhou International for HKD 0.34 each. Upon closing, Boom Win will continue to own 51.14% stake in Wuzhou International. The transaction is expected to close on or around November 20, 2015.

Sun Hong Bing completed the acquisition of 18.8% stake in Wuzhou International Holdings Limited (SEHK:1369) from Boom Win Holdings on November 19, 2015.