Hopefluent (China) Real Estate Poly Real Estate Investment Consultancy Co., Ltd entered into agreement to acquire Poly Real Estate Investment Poly Real Estate Investment Consultancy Co., Ltd Poly Developments and Holdings Group Co., Ltd. (SHSE:600048) on May 7, 2018. In consideration, Hopefluent (China) Real Estate Consultancy Co., Ltd. will issue 43.9% of its equity interests to Poly Real Estate Group Co.,Ltd. The transaction is subject to due diligence investigation on the assets, liabilities, business and prospect of Poly Real Estate Investment Consultancy Group and Hopefluent China Group, Hopefluent Group Holdings Limited and Poly Real Estate having obtained a valuation report and audit report, approvals from the board and shareholders of Poly Real Estate Investment Consultancy and Hopefluent (China) Real Estate Poly Real Estate Investment Consultancy for the capital contribution, all the representations and warranties set out in the Cooperation Agreement having remained true and accurate in all aspects and approval from the shareholders and board of Poly Real Estate Group for the transaction. Poly Real Estate Investment Consultancy Co., Ltd reported net profit of HKD 0.21 million and net assets of HKD 920.32 for the year ended December 31, 2017. The board of Hopefluent Group Holdings Limited recommend the shareholders to vote in favour of the transaction. On July 12, 2018, the board of Poly Real Estate Group Co.,Ltd approved the transaction in the 7th directorate for 2018. BMI Appraisals Limited acted as the independent valuer in the transaction.