JS High Speed Limited agreed to acquire 11.59% stake in China Shandong Hi-Speed Financial Group Limited (SEHK:412) from Glory Century Limited and Hao Tian Management (Hong Kong) Limited for approximately HKD 810 million on March 16, 2020. As part of the acquisition, JS High Speed Limited will acquire 2.8 billion shares of China Shandong Hi-Speed Financial Group for HKD 0.285 per share. Hao Tian Management (Hong Kong) Limited will dispose 2.7 billion shares and Glory Century Limited will dispose 77.8 million shares of China Shandong Hi-Speed Financial Group. The transaction is subject to regulatory approval.