JBM Group (BVI) Limited agreed to acquire the remaining 50% stake in Five Ocean Inc. from Million Effort Investment Limited for HKD 17 million on March 17, 2023. As of December 31, 2022, Five Ocean generated a net loss of HKD 8.4 million. The deal is subject to approval from Stock Exchange and the relevant regulatory board.

JBM (Healthcare) Limited (SEHK:2161) completed the acquisition of remaining 50% stake in Five Ocean Inc. from Million Effort Investment Limited for HKD 19 million on March 23, 2023. As per the transaction, JBM (Healthcare) Limited issued 20 million shares.