Ye Huacong entered into the Sale and Purchase Agreement to acquire 73.81% stake in Hephaestus Holdings Limited (SEHK:8173) from Whistle Up Limited for HKD 73.8 million on November 26, 2021. Under the terms, consideration is set as HKD 0.4644 per share. This transaction triggered mandatory takeover offer and hence Ye Huacong offered to acquire remaining stake. The consideration was satisfied by the internal resources of the Offeror and the Loan Facility of HKD 49 million granted by Kingston Securities. Ye Huacong completed the acquisition of 73.81% stake in Hephaestus Holdings Limited (SEHK:8173) from Whistle Up Limited on November 26, 2021.