Anthony Wong made an offer to acquire remaining 55.3% stake in LEAP Holdings Group Limited (SEHK:1499) for approximately HKD 360 million on September 19, 2017. Under the terms, Anthony Wong will acquire 2.9 billion shares of Holdings Group Limited for HKD 0.1236 per share. In a related transaction Anthony Wong acquired 44.7% stake in LEAP Holdings Group Limited from Ip Ying Chau and Chan Wing Chung for approximately HKD 290 million. The transaction will be financed through the facility granted by Get Nice Securities. It is intended that all the Directors will resign and new executive and independent non-executive Directors will be nominated. An Independent Board Committee comprising all the independent non-executive Directors namely Cheung Kwok Yan Wilfred, Feng Zhidong and Ho Ho Ming to advise the Independent Shareholders in relation to the terms and conditions of the Offer. The offer is subject to the minimum tender of shares resulting in Anthony Wong holding 50% stake. Anthony Wong intends the LEAP Holdings Group to remain listed on the Stock Exchange. As of November 1, 2017, 7.09% of shareholders accepted the offer and the offer became unconditional in all respects. The offer is expected to close on November 10, 2017 and if offer is declared unconditional then it will close on November 21, 2017. As on November 1, 2017 the offer will remain open till November 15, 2017. Veda Capital Limited acted as financial advisor to Anthony Wong. Head & Shoulders Securities Limited prepared the offer on behalf of Anthony Wong. Amasse Capital Limited and Grand Moore Capital Limited have been appointed as financial advisors by LEAP Holdings Group Limited. HLB Hodgson Impey Cheng Limited acted as accountant to LEAP Holdings Group Limited. Anthony Wong completed the acquisition of additional 15.8% stake in LEAP Holdings Group Limited (SEHK:1499) for approximately HKD 100 million on November 15, 2017. As per terms, 830.8 million shares are acquired. Anthony Wong now holds 60.5% stake in LEAP Holdings Group Limited.