China Demeter Financial Investments Limited (SEHK:8120) entered into sale purchase agreement to acquire 39% stake in Xiamen Dongyu Trading Company Limited from Bo Da Dong Fong Agricultural Development Co., Ltd. for HKD 10 million on September 21, 2018. The consideration will be payable in the following manner (1) as to HKD 5.4 million in cash (2) as to HKD 4.6 million to be settled by China Demeter Financial Investments Limited to procure Xiamen Dongyu Trading Company Limited to assign and Bo Da Dong Fong Agricultural Development Co., Ltd. to accept the assignment of all the rights to, interests in and title of the relevant receivables. China Demeter Financial Investments Limited will acquire 0.0078 million shares of Xiamen Dongyu Trading Company Limited, representing 39% stake. Upon Completion, China Demeter Financial Investments Limited will hold 90% of the issued shares of the Target and the Vendor will hold the remaining 10% of the issued shares of Xiamen Dongyu Trading Company Limited. The cash portion of the Consideration will be funded by the internal resources of China Demeter Financial Investments Limited. For the year ended December 31, 2017, Xiamen Dongyu Trading Company Limited reported net loss of HKD 3.5 million. China Demeter Financial Investments Limited (SEHK:8120) cancelled the acquisition of 39% stake in Xiamen Dongyu Trading Company Limited from Bo Da Dong Fong Agricultural Development Co., Ltd. on September 21, 2019.