Avenir Cayman Holding Limited entered into sale and purchase agreement to acquire New Huo Solutions Limited from New Huo Technology Holdings Limited (SEHK:1611) for approximately HKD 210 million on August 25, 2023.The sum of consideration and assigned debt is HKD 205,706,355. New Huo Solutions Limited reported net assets of HKD 3.448 million as at March 31, 2023. The transaction is expected to close on December 31, 2023 and is conditional upon the necessary resolutions by the board of the New Huo Technology and Avenir Cayman approving the agreement and approval of shareholders of New Huo Technology. As of December 7, 2023, the transaction has been approved by shareholders of Sinohope Technology Holdings. Optima Capital Limited acted as financial advisor to New Huo Technology.

Avenir Cayman Holding Limited completed the acquisition of New Huo Solutions Limited from New Huo Technology Holdings Limited (SEHK:1611) on February 9, 2024.