Wins Finance Holdings Inc. (NasdaqCM:WINS) entered into an agreement to acquire 30% stake in Hui Yue Finance Leasing (Ningbo) Co., Ltd. for approximately CNY 300 million on August 28, 2018. On October 26, 2018 Wins Finance Holdings Inc will acquire 15% equity interest in Hui Yue Finance Leasing (Ningbo) Co., Ltd for CNY 150 million. Upon completion, Hui Yue Finance Leasing (Ningbo) Co., Ltd. will be a joint venture between Wins Finance Holdings, Chenxing International (Tianjin) Financial Leasing Co., Ltd. and Sino Investment Jinchuang Financial Holding Co., Ltd. The acquisition is expected to close in early- to- mid September 2018.