Chen Ningdi acquired 31.76% stake in Season Pacific Holdings Limited (SEHK:1709) from Alpha Direct Investments Limited for HKD 196 million on January 13, 2020. As per the agreement, Chen Ningdi will acquire 356 million shares representing 31.76% stake of Season Pacific Holdings Limited at HKD 0.55 per share. The consideration will be paid in cash. Kingston Corporate Finance Limited acted as financial advisor to Chen Ningdi. Chen Ningdi completed the acquisition of 31.76% stake in Season Pacific Holdings Limited (SEHK:1709) from Alpha Direct Investments Limited on January 13, 2020.