Luk Hing Entertainment Group Holdings Limited (SEHK:8052) entered into an agreement to acquire C45 Holdings Limited from Infinity Entertainment Group for HKD 34.6 million on June 13, 2022. Luk Hing Entertainment Group will issue 432 million shares at an issue price of HKD 0.08 per new Share as part of the Consideration. The transaction is conditional upon the Listing Committee of the Stock Exchange having granted approval for the listing of, and permission to deal in, the Consideration Shares and all necessary consents, authorizations, approval, license, permission, order in connection with the Agreement and the transactions contemplated thereby having been obtained by the respective Parties including the necessary consent from the Stock Exchange and banks. C45 Holdings Limited for the year ended December 31, 2021 recorded turnover of HKD 31.69 million, net income of HKD 4.68 million and net assets of HKD 4.8 million. As of June 14, 2022 the company revised the number of consideration shares to be issue to 317.06 million share at an issue price of HKD 0.109 per share.

Luk Hing Entertainment Group Holdings Limited (SEHK:8052) cancelled the acquisition of C45 Holdings Limited from Infinity Entertainment Group on October 10, 2022.