Fujian Holdings Limited (SEHK:181) entered into an agreement to acquire offices A, C and D on 21st Floor, Wing on House, Hong Kong from Hua Min Tourism Company Limited for approximately HKD 150 million on June 17, 2016. As part of consideration, Fujian Holdings agreed to pay HKD 20 in cash and remaining by the subscription of approximately 344.19 million shares at HKD 0.43 per share in Fujian Holdings Limited by HC Technology Capital Company Limited on the closing of the transaction. The rented income from the property for the financial year ending December 31, 2015 is approximately HKD 3.79 million. The deal is subject to requisite majority of the independent shareholders of Fujian Holdings approving the subscription and the deal, the listing committee of the stock exchange granting the listing of, and permission to deal in, the subscription shares on main board of the stock exchange and all necessary governmental and regulatory approvals. The meeting of independent shareholders of Fujian Holdings will be held on August 11, 2016. As of August 11, 2016, the transaction was approved by shareholders of Fujian Holdings Limited. The transaction is expected to close on or before December 31, 2016. Philip Chau and Evelyn Fan of VC Capital Limited acted as financial advisor, LAU Kwok Wa of Kreston CAC CPA Limited and HLB Hodgson Impey Cheng Limited acted as accountants and P aul M. K. Wong of Norton Appraisals acted as valuer for Fujian Holdings Limited.