Chan Chung Shu entered into a sale and purchase agreement to acquire 51% stake in Infinity Financial Group (Holdings) Limited (SEHK:1152) from Zheng Qiang, Sit Yau Chiu and Integrated Asset Management (Asia) Limited for approximately HKD 190 million on October 25, 2017. Under the terms of transaction, Chan Chung Shu will acquire 21.2% stake for HKD 76.9 million from Zheng Qiang and Sit Yau Chiu each; and 8.7% stake from Integrated Asset Management (Asia) Limited for HKD 31.5 million. Chan Chung Shu will acquire 501.2 million shares at HKD 0.37 each. Chan Chung Shu fully settled the consideration in cash on October 27, 2017. In a related transaction, Chan Chung Shu made an offer to acquire remaining 48.9% stake in Infinity Financial Group (Holdings) Limited for approximately HKD 180 million on November 2, 2017. Chan Chung Shu completed the acquisition of 51% stake in Infinity Financial Group (Holdings) Limited (SEHK:1152) from Zheng Qiang, Sit Yau Chiu and Integrated Asset Management (Asia) Limited on October 27, 2017.