Finsoft Financial Investment Holdings Limited (SEHK:8018) acquired 40% stake in Vision Smart Limited from Praiseful Moment Limited for HKD 48.8 million on December 5, 2016. Finsoft Financial funded the consideration as to HKD 10.2 million by the proceeds from the disposal of stake in Central Pearl Investments Limited and as to HKD 38.6 million by borrowings and internal resources. On completion, Praiseful Moment does not hold any stake in Vision Smart. Vision Smart Limited reported loss before and after taxation of HKD 5.07 million for the year ended June 30, 2016. The net proceeds will be utilized for financing other future potential investment opportunities and/or general working capital. Finsoft Financial Investment Holdings Limited (SEHK:8018) completed the acquisition of 40% stake in Vision Smart Limited from Praiseful Moment Limited on December 5, 2016.