Kwok agreed to acquire 37.62% of stake in Golden Ponder Holdings Limited (SEHK:1783) from Shiny Golden Limited for approximately HKD 100 million on November 23, 2022. Total consideration has been paid by the Offeror from its internal resources as to (i) HKD 20,216,000 to the Vendor as deposit; and (ii) HKD 80,864,000 to an escrow account. The transaction is subject to regulatory approval. The transaction is expected to close on December 23, 2022.

Kwok completed the acquisition of 37.62% of stake in Golden Ponder Holdings Limited (SEHK:1783) from Shiny Golden Limited on December 7, 2022.