Sino Energy International Holdings Group Limited (SEHK:1096) entered into the acquisition agreement to acquire Wealthy Fortress Investment Corporation from Hyper Venture Limited for HKD 300 million on December 23, 2016. The consideration shall be settled by cash in two tranches, HKD 90 million within five business day after the completion of issue of convertible bonds issued by Sino Energy International Holdings and remaining HKD 210 million on completion. The deal value is subject to adjustments. The deal is subject to the completion of the due diligence exercise, shareholder approval of Sino Energy International and other requisite consents and approvals If all the conditions shall not have been fulfilled or waived before June 30, 2017, the agreement shall be terminated forthwith and Hyper Venture Limited shall return HKD 90 million to Sino Energy International Holdings Group Limited in case Hyper Venture Limited has received such sum from Sino Energy International Holdings Group Limited. Sino Energy International Holdings Group Limited (SEHK:1096) cancelled the acquisition of Wealthy Fortress Investment Corporation from Hyper Venture Limited on August 18, 2017. As some of the conditions precedent under the acquisition agreement have not been fulfilled or waived before June 30, 2017, the deal was terminated. Till now, Sino Energy International Holdings Group Limited had paid HKD 90 million to Hyper Venture Limited. As part of the termination agreement, due date of the refund of the partial consideration by Hyper Venture to Sino Energy International Holdings shall be extended, as to HKD 30 million from June 30, 2017 to September 30, 2017 and, as to the remaining balance of HKD 60 million from June 30, 2017 to February 28, 2018.