Fincera Inc. (OTCPK:AUTC.F) entered into an agreement to acquire Eastern Eagle International from Smart Success Investment Limited for approximately $380 million on August 8, 2016. Under the terms, the consideration to be paid includes $119.9 million within 12 months of the signing of the equity transfer agreement, any unpaid amounts after 12 months will begin to accrue interest at the one-year rate announced by the People’s Bank of China and will also assume sellers debt of approximately $257 million. Fincera Inc. (OTCPK:AUTC.F) completed the acquisition of Eastern Eagle International from Smart Success Investment Limited on October 19, 2016.