Alpha Group (SZSE:002292) entered into an agreement to acquire Baby Trend, Inc. from Denny Tsai and Betty Tsai for $94 million on April 26, 2016. The agreement stipulates that the buyer shall pay the sellers 10.6% of the transaction amount ($10 million) after 30 working days from the date of the formal signing of the contract. The remaining 89.4% of the transaction amount ($84 million) will be paid within three years based on performance. The buyer will pay it in three parts, 30%, 30%, and 29.4% of the transaction amount within 15 working days after the target company's annual actual profit report is publish for the three years 2016, 2017, and 2018 respectively. Alpha Group (SZSE:002292) completed the acquisition of Baby Trend, Inc. from Denny Tsai and Betty Tsai on May 26, 2016. On May 26, 2016, Alpha Group paid the first phase of $10 million and completed the formalities of transfer of assets and equity due to the original shareholders.