Kenpay International Company Limited entered into an agreement to acquire Robust Cooperation Limited and Mega Convention Group Limited from China Automobile New Retail (Holdings) Limited (SEHK:526) for HKD 3 million on May 6, 2022. The deal is expected to close on June 25, 2022. The transaction has been approved by the shareholders of China Automobile New Retail (Holdings) Limited. China Automobile New Retail expects to record a gain on disposal of subsidiaries of approximately CNY 2.1 billion (HKD 2.3 billion).

Kenpay International Company Limited completed the acquisition of Robust Cooperation Limited and Mega Convention Group Limited from China Automobile New Retail (Holdings) Limited (SEHK:526) on June 21, 2022.