Alpha Professional Holdings Limited (SEHK:948) entered into a sale and purchase agreement to acquire Shenzhen Zoken Biology Ltd. from a group of shareholders for approximately HKD 110 million on December 24, 2018. Under the terms of the agreement, Alpha will issue 50,842,000 common shares. Pursuant to the agreement, Wang has agreed to waive all repayment obligations of GE SZ, holding company of Shenzhen Zoken in connection with the debts by means of the Deed of Waiver. Pursuant to the transaction, the selling shareholders will approximately hold 16.7% stake in Alpha, Xiong Jianrui and Yi Peijian which collectively held 70% will hold 58.3% and the public shareholding will decrease from 30% to 25%. Upon completion, Shenzhen Zoken will become a subsidiary of Alpha. The transaction is subject to regulatory approval, consummation of due diligence and listing of consideration shares. BaoQiao Partners Capital Limited acted as financial advisor to Alpha in the transaction. Alpha Professional Holdings Limited (SEHK:948) completed the acquisition of Shenzhen Zoken Biology Ltd. from a group of shareholders during year ended March 31, 2019.