An unknown buyer entered into an agreement to acquire 4% stake in HengTen Networks Group Limited (SEHK:136) from China Evergrande Group (SEHK:3333) for HKD 1.2 billion on July 30, 2021. The shares of HengTen will be acquired at a price of HKD 3.2 per share. In a related transaction, Water Lily Investments Limited entered into an agreement to acquire a 7% stake in HengTen from Evergrande.

As a result of transactions, the unknown buyer shall hold 4% of HengTen and the Evergrande will hold approximately 26.55% stake in HengTen. At the same time, to support the business development of HengTen, Evergrande has agreed to provide a 5-year unsecured and interest-free shareholder's loan of HKD 2.07 billion to HengTen. HengTen's shares are expected to resume trading on August 2, 2021 after being halted on July 29, 2021.