Masterwork Machinery Co., Ltd. (SZSE:300195) signed a framework agreement to acquire 16.93% stake in Brilliant Circle Holdings International Limited (SEHK:1008) from Ares BCH Holdings, L.P. and other shareholders for approximately HKD 630 million on January 19, 2015. Under the terms of the framework agreement, Masterwork Machinery Co., Ltd. will acquire 252 million shares of Brilliant Circle Holdings International Limited for HKD 2.4 - 2.5 per share. The transaction is subject to signing of the formal agreement, approval by Masterwork Machinery Co., Ltd. shareholders and Board of Directors. As on April 24, 2015, Masterwork Machinery announced that it will acquire 16.83% in Brilliant Circle Holdings International Limited for approximately 600 million. As per the changes 251 million shares will be acquired at HKD 2.42 per share.

Masterwork Machinery Co., Ltd. (SZSE:300195) completed the acquisition of 16.83% stake in Brilliant Circle Holdings International Limited (SEHK:1008) from Ares BCH Holdings, L.P. and other shareholders on July 8, 2015.