Blockchain Group Company Limited (SEHK:364) agreed to acquire Hangzhou Blockcast Blockchain Technology Company Limited for HKD 20.24 million on October 12, 2018. Pursuant to the transaction, Blockchain Group will issue 230 million shares. Post completion Hangzhou Blockcast Blockchain Technology Company Limited will operate as a subsidiary of Hangzhou Blockcast Blockchain Technology Company Limited. The transaction is subject to the consummation of due diligence investigation and listing of new shares on stock exchange. Blockchain Group Company Limited (SEHK:364) cancelled the acquisition of Hangzhou Blockcast Blockchain Technology Company Limited on April 9, 2020.