K&P International Holdings Ltd. (SEHK:675) acquired Sun Ngai Plastic Products Factory Limited from Chan Wing Dat and Fok Chin To for HKD 3.5 million in cash on January 2, 2013. Chan Wing Dat will sell 70% stake and Fok Chin To will sell 30% stake. In a related transaction, K&P International Holdings Ltd. acquired Hunpex Limited from Lee Chi Yin for HKD 3.5 million on January 2, 2013. K&P International Holdings will pay HKD 1.75 million to Lee Chi Yin and Chan Wing Dat and Fok Chin To respectively and within 10 business days after Chan Wing Dat and Fok Chin To, produce the evidence of payment of all of the prepayments, K&P International will pay the remaining consideration. The unaudited net loss before and after taxation and extraordinary items of Sun Ngai for the ten months ended October 31, 2012 was HKD 2.94 million respectively. The transaction is exempt from the shareholders' approval.

K&P International Holdings Ltd. (SEHK:675) completed the acquisition of Sun Ngai Plastic Products Factory Limited from Chan Wing Dat and Fok Chin To on January 2, 2013.