HQDA Elderly Life Network Corp. (OTCPK:HQDA) agreed to acquire 51% stake in Palau Asia Pacific Air Management Ltd, Global Tourism Management Ltd and Global Tourism Service Co., Ltd for $8 million in cash on April 16, 2019. The $8 million will be paid as $3 million on or before April 27,2019, $2 million on or before June 30, 2019 and $3 million on or before September 30, 2019. As of December 31, 2019, HQDA Elderly Life Network Corp. made a $3 million payment. The Project Company will remain the main operator of the existing business. The acquisition was subject to continuing due diligence, negotiation and customary closing conditions, including completion of an audit. Additional payments have been postponed until a satisfactory audit can be delivered and other due diligence has been completed.