An unknown buyer entered into a share purchase agreement to acquire 97.99% stake in HighLight Networks, Inc (OTCPK:HNET) from Joseph Passalaqua for $0.07 million on June 5, 2015. Concurrently, Allied Crown Enterprises Limited acquired outstanding debt of HighLight Networks, Inc for $0.25 million. An unknown buyer completed the acquisition of 97.99% stake in HighLight Networks, Inc (OTCPK:HNET) from Joseph Passalaqua on June 18, 2015.