Champion Technology Holdings Limited (SEHK:92) acquired 51% stake in Dongguan Golden Field Yijing Hotel Limited from Wealth Track Asia Limited for HKD 150 million on July 19, 2017. Under the terms, Champion Technology Holdings Limited acquired 5.1 million shares and the consideration shall be satisfied by payment of HKD 30 million and the issue of the Promissory Note of HKD 120 million by the Champion Technology Holdings Limited to the Wealth Track Asia Limited upon completion. The deal is subject to legal due diligence conducted by Champion Technology Holdings Limited advisors and all necessary consent of the government authorities in respect of the transaction thereby contemplated, if any, having been obtained by the relevant parties and if so required by the relevant provisions under the Listing Rules, the passing of the necessary resolutions by the Shareholders in general meeting approving the transactions thereby contemplated. The completion of the transaction shall take place on the July 19, 2017. Champion Technology Holdings Limited (SEHK:92) completed the acquisition of 51% stake in Dongguan Golden Field Yijing Hotel Limited from Wealth Track Asia Limited on July 19, 2017.