Speymill Macau Property Co Plc (AIM:MCAU) entered into a provisional sale and purchase agreement to sell AIA Tower for HKD 1.3 billion on November 17, 2011. AIA Group Limited (SEHK:1299) entered into entered into a sale and purchase agreement to acquire AIA Tower on November 30, 2011. As on November 17, 2011, Speymill Propriedade has received HKD 30 million as deposit to be held in escrow pending the signing of the final sale and purchase agreement which is expected to be completed and signed no later than November 30, 2011. Upon signing of sale and purchase agreement Speymill Propriedade will further receive approximately HKD 220 million as deposit and part payment of the consideration for the property. The balance consideration amount of HKD 1 billion will be paid on closing. The transaction is expected to close no later than January 31, 2012. Paul Fincham and Jonathan Becher of Matrix Corporate Capital LLP acted as financial advisor and broker for Speymill. Ian Dungate and Suzanne Jones of Galileo Fund Services Limited acted as administrator for the transaction. Cora Miller of Conyers Dill acted as legal advisor to Golden Liberty in the implementation of a term loan facility. AIA Group Limited (SEHK:1299) completed the acquisition of AIA Tower from Speymill Macau Property Co Plc (AIM:MCAU) on January 31, 2012.