Lion Capital Investment Limited entered into the provisional agreement to acquire Empire Sail Limited from Brilliant Circle Holdings International Limited (SEHK:1008) for approximately HKD 300 million on January 11, 2018. As a part of consideration, Lion Capital will pay an initial deposit of HKD 14.75 million upon the signing of the provisional agreement, a further deposit of HKD 14.75 million within 10 calendar days from the date of the provisional agreement and an amount of HKD 265.50 million for the balance of the consideration for the acquisition upon completion. The payment for the initial deposit of the acquisition will be settled in cash on hand and the remaining balance will be financed by bank financing. The deal is subject to due diligence investigation and Eminence Enterprise's shareholder approval. As of April 11, 2018, the deal is approved by the shareholders of Eminence Enterprise. The deal is expected to close on April 30, 2018.