Lam Wai Ming entered into sale purchase agreement to acquire Sky Ocean Group Limited from China Overseas Nuoxin International Holdings Limited (SEHK:464) for HKD 72.4 million on August 25, 2021. Sky Ocean Group Limited reported net loss of HKD 15.594 million, total asset of HKD 147.4 million and net asset value of HKD 69.6 million as of March 31, 2021. The transaction is expected to close on December 31, 2021. Lam Wai Ming completed the acquisition of Sky Ocean Group Limited from China Overseas Nuoxin International Holdings Limited (SEHK:464) on December 31, 2021.