Yik Wo International Holdings Limited announced that it has entered into an pre-IPO investment agreement with new investor Quantum Star Ventures Limited for private placement of 600 shares at a price of HKD 12,683.333333 per share for gross proceeds of HKD 7,610,000 on May 7, 2019. The investor will acquire and hold 6% stake in the company upon closing. The shares are subject to holding period of 6 months from the listing date.