GSR Capital Limited entered into a share purchase agreement to acquire 50% stake in Prominent Wise Limited from Good Resources Holdings Limited (SEHK:109) for $0.7 million in cash on June 8, 2016. In a related transaction, GSR Capital Limited entered into a share purchase agreement to acquire 90% stake in Metro Leader from Good Resources Holdings Limited (SEHK:109). As per the terms of both the agreements, GSR Capital has made a deposit of $0.5 million which shall be adjusted while closing of the transaction. Prominent Wise reported net loss before tax of $0.002 million, net loss after tax of $0.002 million, total assets of $1 and net liabilities of $0.002 million for the period October 2015 to December 31, 2015. The transaction is subject to shareholder approval. The transaction is completed within 3 days from the satisfaction of conditions. All currency conversions are done using www.oanda.com as on June 8, 2016. GSR Capital Limited completed the acquisition of 50% stake in Prominent Wise Limited from Good Resources Holdings Limited (SEHK:109) on November 17, 2016.