Green International Holdings Limited (SEHK:2700) entered into an agreement to acquire Charm Eastern Limited from Ample Reach Limited for HKD 75 million on November 28, 2017. HKD 34 million was paid in cash on or before Completion and the remaining consideration of HKD 41 million was satisfied by the issue of convertible bonds by Green International in the aggregate principal sum of HKD 41 million divided into three equal tranches of HKD 13.7 million each. Green International Holdings Limited (SEHK:2700) completed the acquisition of Charm Eastern Limited from Ample Reach Limited on January 31, 2018. On completion, HKD 41 million of the total consideration was settled by the issue of three equal tranches of zero-coupon convertible bonds in the principal amount of HKD 13.7 million maturing respectively on September 30, 2018, April 30, 2019 and September 30, 2019. Charm Eastern has become a subsidiary of Green International Holdings. The transaction is expected to contribute profit and positive cash flow to Green International Holdings for the year ending December 31, 2018.