AP Emerald Limited entered into the Share Purchase Agreement to acquire 9.91% stake in Sun Hung Kai & Co. Limited (SEHK:86) from Asia Financial Services Company Limited for approximately HKD 590 million on March 19, 2021. Under the terms, AP Emerald will form of Notes of $51.84 million (HKD 401 million) and HKD 188.1 million in cash. Completion is expected on March 24, 2021. AP Emerald Limited completed the acquisition of 9.91% stake in Sun Hung Kai & Co. Limited (SEHK:86) from Asia Financial Services Company Limited on March 24, 2021.