Ezra Holdings Limited filed a motion in the US Bankruptcy Court for the sale of certain assets on June 4, 2018. The debtor seeks the Court’s approval for the sale of shares of IC Cell Ezra Limited to Michael Lai Kai Jin, for a purchase price equal to the fair market value of the Shares plus the sum of $0.1 million plus $1.5 million as prepayment pursuant to the asset purchase agreement dated June 4, 2018. The debtor’s assets include 75,000 Class A non-voting preference shares and 3 million Class B non-voting preference shares of IC Cell Ezra Limited. The sale hearing is scheduled June 25, 2018.