Thiz Technology Group Limited (SEHK:8119) entered into a letter of intent to acquire 35% stake in MDBS Digital Technology Co., Ltd. for HKD 9.5 million on June 20, 2019. Under the terms, the consideration will be paid in cash and stock. Thiz Technology Group Limited (SEHK:8119) cancelled the acquisition of 35% stake in MDBS Digital Technology Co., Ltd. on June 20, 2020.