Empire Charm Limited proposed to acquire an additional 15% stake in Hengdeli Holdings Limited (SEHK:3389) for approximately HKD 110 million on June 21, 2024. Empire Charm Limited will acquire 660 million shares for HKD 0.16 each. Upon completion, Empire Charm Limited will own 31% stake in Hengdeli Holdings Limited.

Guotai Junan Capital Limited acted as financial advisor to Empire Charm. Halcyon Capital Limited acted as financial advisor to Hengdeli.