Victor Chan How Chung acquired Fine Merit Ltd from China Baoli Technologies Holdings Limited (SEHK:164) for HKD 0.3 million on November 22, 2021. Fine Merit Limited reported a net loss after taxation for the financial year ended March 31, 2021 to be HKD 6.691 million. The unaudited consolidated net liabilities of Fine Merit as at September 30, 2021 was approximately HKD 112.553 million. China Baoli Technologies Holdings Limited intends to apply the net proceeds from the disposal for the purpose of restructuring of the China Baoli's gamma ray business.

Victor Chan How Chung completed the acquisition of Fine Merit Ltd from China Baoli Technologies Holdings Limited (SEHK:164) on November 22, 2021.