International Merchants Holdings agreed to acquire 4.98% stake in Cosmopolitan International Holdings Limited (SEHK:120) from Lendas Investments Limited for approximately HKD 370 million on December 31, 2019. International Merchants Holdings will acquire 220 million shares of Cosmopolitan International Holdings Limited at a price of HKD 1.7 per share. The transaction is expected to be completed on January 10, 2020. Yue Xiu Capital Limited acted as financial advisor in the transaction. International Merchants Holdings completed the acquisition of 4.98% stake in Cosmopolitan International Holdings Limited (SEHK:120) from Lendas Investments Limited on January 10, 2020.