International Merchants Holdings agreed to acquire 4.98% stake in Cosmopolitan International Holdings Limited (SEHK:120) from Lendas Investments Limited for approximately HKD 370 million on December 31, 2019. International Merchants Holdings will acquire 220 million shares of Cosmopolitan International Holdings Limited at a price of HKD 1.7 per share. The transaction is expected to be completed on January 10, 2020. Yue Xiu Capital Limited acted as financial advisor in the transaction.