Kaisa Group Holdings Ltd. (SEHK:1638) entered into the agreement to acquire 30.6% stake in Eagle Legend Asia Limited (SEHK:936) from Zeng Li for approximately HKD 150 million on April 28, 2021. Kaisa Group conditionally agreed to purchase an aggregate of 324.4 million Eagle Legend Shares at HKD 0.45 per share. The Offeror shall pay the consideration in cash to the Vendor at completion. In a related transaction, Kaisa Group made an offer to acquire 26% stake in Eagle Legend Asia Limited for approximately HKD 120 million. The consideration will be financed from financial resources of Kaisa Group. Completion is conditional upon the satisfaction (or waiver by Kaisa) of the following conditions; the joint announcement in relation to the Offer triggered by the transactions contemplated under the Agreement having been published by the Offeror and Eagle Legend in accordance with the Takeovers Code; from the date of the Agreement to the Completion Date, the Vendor having complied with and performed the terms and obligations under the Agreement. Rainbow Capital acted as the financial advisor to Kaisa Group in respect of the Acquisition.

Kaisa Group Holdings Ltd. (SEHK:1638) completed the acquisition of 30.6% stake in Eagle Legend Asia Limited (SEHK:936) from Zeng Li on April 29, 2021.