Eco-Tek Holdings Limited (SEHK:8169) acquired an additional 20% stake in Tianjin Asian Way Estate Development Co., Limited from CHEN XUEYING and DENG YAO HUI for HKD 6.7 million on December 17, 2019. As per the terms, HKD 0.002 million will be the consideration for the sale shares and HKD 6.7 million will be the consideration for the shareholder’s loan. Eco-Tek Holdings Limited will pay HKD 0.001 million to CHEN XUEYING, HKD 0.001 million to DENG YAO HUI and HKD 0.19 million to DENG YAO HUI by cheque at completion. The balance HKD 6.5 million shall be payable in 35 equal monthly instalments in cash or by such other reasonable means as Eco-Tek Holdings may adopt, with the first instalment to be paid within the first 7 business days in January 2020 and each instalment thereafter within the first 7 business days of each of the following 34 calendar months. The amount of each monthly instalment shall be approximately HKD 0.19 million. Eco-Tek Holdings Limited was held with 80% stake before the acquisition and post acquisition will hold 100% stake. Eco-Tek Holdings Limited (SEHK:8169) completed the acquisition of an additional 20% stake in Tianjin Asian Way Estate Development Co., Limited from CHEN XUEYING and DENG YAO HUI on December 17, 2019.