Diamond Talent Holdings Limited acquired Novo Commodities Limited and Novo Overseas Holdings Pte. Ltd. from Yorkshine Holdings Limited for $100 in cash on April 15, 2019. As at March 15, 2019, the book value of the shares in Novo Commodities and Novo Overseas is a capital deficit of $33.5 million. The proceeds arising from the disposals will be utilized by Yorkshine for working capital purposes. Diamond Talent Holdings Limited completed the acquisition of Novo Commodities Limited and Novo Overseas Holdings Pte. Ltd. from Yorkshine Holdings Limited on April 15, 2019.