Hong Kong Aerospace Technology Group Limited entered into a sale and purchase agreement to acquire 63.8% stake in Eternity Technology Holdings Limited (SEHK:1725) from Rich Blessing Group Limited for approximately HKD 290 million on April 15, 2021. As a part of the transaction, Hong Kong Aerospace Technology Group will acquire 191.3 million shares for HKD 1.5 per share. Prior to the agreement, Hong Kong Aerospace Technology Group hold 7.2% stake in Eternity Technology Holdings. The transaction was funded through Hong Kong Aerospace Technology Group's internal sources and the facility. Eternity Technology Holdings Limited board proposes to change its name to Hong Kong Aerospace Technology Group Limited post completion of the offer. As of April 12, 2021, the trading of Eternity Technology Holdings has been suspended. Application has been made by the Eternity Technology Holdings to the stock exchange for the resumption of trading in the shares with effect from April 22, 2021. INCU Corporate Finance Limited acted as a financial adviser to the board members of Eternity Technology Holdings. Kingston Corporate Finance Limited acted as a financial adviser to Hong Kong Aerospace Technology Group. Octal Capital Limited acted as a financial adviser to Eternity Technology Holdings. Hong Kong Aerospace Technology Group Limited completed the acquisition of 63.8% stake in Eternity Technology Holdings Limited (SEHK:1725) from Rich Blessing Group Limited on April 21, 2021.