An unknown buyer agreed to acquire 12.6% stake in Taung Gold International Limited (SEHK:621) from Electrum Strategic Exploration Limited for approximately HKD 160 million on January 30, 2018. As per the terms of transaction, Electrum Strategic Exploration Limited will sell 2.3 billion shares of Taung Gold International at HKD 0.0681 per shares and will not hold any shares in Taung Gold International upon completion. Post acquisition, buyer will hold 12.6% stake in Taung Gold International. Pursuant to the transaction, disposal is intended to be completed in three tranches. An unknown buyer cancelled the acquisition of 12.6% stake in Taung Gold International Limited (SEHK:621) from Electrum Strategic Exploration Limited on January 30, 2019.