Asia Gate Holdings Co., Ltd. (JASDAQ:1783) agreed to acquire 17.57% stake in Sincere Watch (Hong Kong) Limited (SEHK:444) from Cui Tao on May 29, 2019. Cui Tao will sale 1.1 billion shares and post completion will hold no stake in Sincere Watch (Hong Kong) Limited.

Asia Gate Holdings Co., Ltd. (JASDAQ:1783) completed the acquisition of 17.57% stake in Sincere Watch (Hong Kong) Limited (SEHK:444) from Cui Tao in 2019.