Straight KKM 2 Limited entered into sale and purchase agreement to acquire 12.68% stake in Feronia Inc. (TSXV:FRN) from CDC Group plc for CAD 14.11 million on September 25, 2017. Under the terms of the transaction, Straight KKM 2 Limited will acquire 61.34 million shares of Feronia Inc. from CDC Group plc at a price of CAD 0.23 per share. In a related transaction, Straight KKM 2 Limited has entered into a subscription agreement to acquire 25.18% stake in Feronia Inc. The transaction is subject to certain conditions including clearing personal information forms with the TSX Venture Exchange for principals of Straight KKM 2 Limited and the approval by the stock exchange. Nigel Wellings, Jiaying Zhang, Victoria Ho, Peter Rundle, Angela McEwan, Jackie Jones, Zainab Conteh, and Sylvia van der Heyden from Clifford Chance LLP acted as the legal advisors for CDC Group plc and Straight KKM 2 Limited. Straight KKM 2 Limited completed the acquisition of 12.68% stake in Feronia Inc. (TSXV:FRN) from CDC Group plc on January 24, 2018.