Bison Capital Holding Company Limited signed sale and purchase agreement to acquire 73.01% stake in RoadShow Holdings Limited (SEHK:888) from Transport International Holdings Limited (SEHK:62) for approximately HKD 800 million on October 26, 2017. Bison Capital Holding Company Limited will pay the deposit of HKD 10 million prior to the entering into of agreement and it will be applied in full towards settlement of the consideration at completion and HKD 745.8 million will be paid in cash at completion. Additionally, Bison Capital Holding Company Limited will issue promissory note in the principal amount of HKD 40 million at completion. In a related transaction, Bison Capital Holding Company Limited made an offer to acquire 26.9% stake in RoadShow Holdings Limited (SEHK:888) for approximately HKD 290 million on October 26, 2017. The consideration payable under the sale and purchase agreement will be satisfied by the internal resources of Bison Capital Holding Company Limited and the loan facility made available by an independent financial institution to Bison Capital Holding Company Limited. Bison Capital Holding Company Limited intends to maintain the listing of the RoadShow shares on the Main Board of the Stock Exchange. There are no conditions precedent to the completion of the agreement and completion will take place on or before the fifth business day following the date of the sale and purchase agreement or such other day as the parties thereto may agree in writing. The net proceeds from the disposal of the sale shares are intended to be used as general working capital of Transport International Holdings Limited. Optima Capital Limited acted as financial adviser to Bison Capital Holding Company Limited and HSBC Corporate Finance (Hong Kong) Limited acted as financial adviser to Transport International Holdings Limited. Howse Williams Bowers acted as legal advisor for Bison Capital Holding Company Limited.

Bison Capital Holding Company Limited completed the acquisition of 73.01% stake in RoadShow Holdings Limited (SEHK:888) from Transport International Holdings Limited (SEHK:62) on October 27, 2017.