Vestate Group Holdings Limited (SEHK:1386) entered into a memorandum of understanding to acquire 80% interest in Solid Diversity, LDA on February 21, 2020. The consideration shall be paid in cash or issuing new shares or such other methods. Vestate Group Holdings Limited will conduct the due diligence review on the assets, indebtedness, operation and other aspect of Solid Diversity, LDA. The transaction is subject to the execution and completion of the formal agreement. Vestate Group Holdings Limited (SEHK:1386) cancelled the acquisition of 80% interest in Solid Diversity, LDA on February 21, 2021.