Goldway Education Group Limited (SEHK:8160) agreed to acquire 55% stake in Golden Path Developments for HKD 11 million on September 6, 2022. The consideration includes HKD 9 million for cash and HKD 2 million promissory notes. Completion of the Agreement shall be conditional upon company being satisfied with the results of its due diligence review of the assets, liabilities, operations and affairs of the Target. As of October 31, 2022, The Company has sufficient cash reserve to finance the Acquisition. As of December 31, 2021, the company reported loss after taxation of HKD 0.23 million and net assets of -0.15 million.

Goldway Education Group Limited (SEHK:8160) completed the acquisition of 55% stake in Golden Path Developments for HKD 11 million on September 28, 2022