Cheng Ting Kong entered into sale and purchase agreement to acquire 31.4% stake in Sun International Group Limited (SEHK:8029) from First Cheer Holdings Limited for HKD 71.8 million on August 30, 2021. Under the terms of transaction, Cheng Ting Kong will acquire 717.50452 million shares at a purchase price of HKD 0.1 per share. In a separate transaction, Cheng Ting Kong made an offer to acquire remaining shares 37.2% stake in Sun International Group Limited (SEHK:8029) for HKD 84.9 million. Sale and Purchase Agreement is unconditional. Astrum Capital Management Limited acted as financial advisor for Independent Board Committee of Sun International Group Limited. Red Sun Capital acted as financial advisor for buyer. Cheng Ting Kong completed the acquisition of 31.4% stake in Sun International Group Limited (SEHK:8029) from First Cheer Holdings Limited on August 30, 2021.