Wealth Warrior Global Limited entered into a non-binding letter of intent to acquire a 65.85% stake in The Grande Holdings Limited (SEHK:186) from Sino Bright Enterprises Co., Ltd. for approximately HKD 650 million on August 25, 2017. Under the terms, Wealth Warrior Global Limited will acquire 3.62 billion shares at HKD 0.18 per shares of The Grande Holdings Limited. On September 22, 2017, sale and purchase agreement has been signed. As per the term of agreement a sum of HKD 63.1 million was set off by the principal amount HKD 62.2 million and the accrued interest HKD 0.91 million of the loan due from Sino Bright Enterprises Co., Ltd. to Wealth Warrior Global Limited and sum of HKD 587.9 million shall be paid by Wealth Warrior Global Limited to Sino Bright Enterprises on or prior to the second anniversary of completion. As of August 29, 2017, Sino Bright Enterprises Co., Ltd. holds 3.64 billion shares, representing 66.27% stake in The Grande Holdings Limited. In a related transaction, Wealth Warrior Global Limited agreed to make an offer to acquire a 34.15% stake in The Grande Holdings Limited.