Empire Charm Limited proposed to acquire an additional 15% stake in Hengdeli Holdings Limited (SEHK:3389) for approximately HKD 110 million on June 21, 2024. Empire Charm Limited will acquire 660 million shares for HKD 0.16 each. Upon completion, Empire Charm Limited will own 31% stake in Hengdeli Holdings Limited. Guotai Junan Capital Limited acted as financial advisor to Empire Charm. Halcyon Capital Limited acted as financial advisor to Hengdeli.

Empire Charm Limited completed the acquisition of additional 15% stake in Hengdeli Holdings Limited (SEHK:3389) on August 15, 2024.