Most Kwai Chung Limited (SEHK:1716) entered into the Sale and Purchase Agreement to acquire additional 31% stake in To Be Honest Limited from Ng Sin Yi, Cheung Cho Sing and Wong Ying Wai for HKD 2.9 million on July 11, 2024. A cash consideration of HKD 2.91 million will be paid by Most Kwai Chung Limited. As part of consideration, HKD 2.91 million is paid towards common equity of To Be Honest Limited. The Consideration has been fully settled and funded by internal resources of the Company.

For the period ending March 31, 2024, To Be Honest Limited reported net income of HKD 1.88 million. As of March 31, 2024, To Be Honest Limited reported total common equity of HKD 2.9 million.

Jun Hui International Finance Limited acted as financial advisor to Most Kwai Chung Limited.

Most Kwai Chung Limited (SEHK:1716) completed the acquisition of additional 31% stake in To Be Honest Limited from Ng Sin Yi, Cheung Cho Sing and Wong Ying Wai on July 11, 2024.