Goldbond Group Holdings Limited (SEHK:172) agreed to acquire 51% stake in Shanghai Nanlang Finance Lease Limited from TUS International Limited (SEHK:872) for HKD 41.8 million on June 26, 2020. Immediately after the Completion, the Shanghai Nanlang Finance Lease Limited will be owned as to 51% by Goldbond Group Holdings Limited and TUS International Limited will cease to have any interest. For the year ended December 31, 2019 Shanghai Nanlang Finance Lease Limited has net loss after taxation of HKD 14.5 million and net assets of HKD 122.6 million.

Completion is subject to Goldbond Group Holdings Limited being satisfied with the results of the due diligence exercise. Long stop date of transaction is July 25, 2020.

Goldbond Group Holdings Limited (SEHK:172) completed the acquisition of 51% stake in Shanghai Nanlang Finance Lease Limited from TUS International Limited (SEHK:872) on June 30, 2020.