Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476) agreed to acquire MFS Technology (S) Pte Ltd from DCP Investments for $460 million on July 26, 2023. As of November 27, 2023, Buyer paid $42.7 million to the target company for the target company to repay its overseas loans to release the pledge status of the target company's equity. Simon Kavanagh, Jeffrey Wang, Dorothy Cai and Fengnu Ge of BDA Partners acted as financial advisor to MFS Technology and Tree House Limited. Jefferies Singapore Limited acted as financial advisor to MFS Technology.

Victory Giant Technology (HuiZhou)Co.,Ltd. (SZSE:300476) completed the acquisition of MFS Technology (S) Pte Ltd from DCP Investments on November 30, 2023.