Sky Resort International Limited (OTCPK:SKYL) entered into a sale and purchase agreement to acquire a 80% stake in Eurostar Epitome Sdn. Bhd. from Tew Yow Khim for $0.1 million on May 1, 2018. Under the terms, Sky Resort International Limited will acquire 0.4 million shares at $0.25 per share. Payment shall be paid into the bank account of Tew Yow Khim or its nominee within 7 business days after such bank account information is given to Sky Resort International Limited in writing. As of August 20, 2018, Tew Yow Khim is the sole owner of Eurostar Epitome Sdn. Bhd. Post completion, Eurostar Epitome Sdn. Bhd. will become a majority (80%) owned subsidiary of Sky Resort International Limited. Completion of the transaction is expected to be within 14 days.