Dragon King Group Holdings Limited (SEHK:8493) entered into non-legally binding memorandum of understanding to acquire equity interest of 77% in MOONKOK CULTURE CLUB LIMITED from group of individual sellers on September 22, 2022. The sellers includes Lee Chi Lung, Ku Ka Man, Tsui Yue Ka, Chuk Wing Hung Keswick, Liu Kai Fung and Wong Chun Lam.