Ahead Auto Limited entered into a sale purchase agreement to acquire C&G Environmental Protection International Limited from C&G Environmental Protection Holdings Limited (SGX:D79) for HKD 600 million on August 25, 2016. Post acquisition C&G Environmental Protection Holdings Limited will cease to have any interest in CUGU Environmental Protection International Limited. In a related transaction, C&G Environmental Protection Holdings Limited entered into a sale purchase agreement to sell C&G Environmental Protection (Thailand) Company Limited. The transaction is subject to due diligence, approval of offer by shareholders of C&G Environmental Protection Holdings Limited, approval of offer by C&G Environmental Protection Holdings Limited Board, consummation of another merger, approval of SGX-ST and other customary conditions. On November 8, 2016, the circular for transaction is filled. The Board of Directors of C&G Environmental Protection Holdings Limited recommends shareholders to approve the transaction. The shareholders of C&G Environmental Protection approved the transaction on December 2, 2016.