Huge Harvest International Limited entered into a sale and purchase agreement to acquire 39.38% stake in Operating businesses and assets of New Century Real Estate Investment Trust on January 26, 2021. As part of the transaction, buyer has also agreed to purchase the sale loan. 2021. Stephen Chan of Dechert LLP has advised New Century Real Estate Investment Trust. China Galaxy International Securities acted as financial advisor for Huge Harvest International Limited.

Huge Harvest International Limited completed the acquisition of 39.38% stake in Operating businesses and assets of New Century Real Estate Investment Trust on April 19, 2022.