An undisclosed buyer signed a purchase agreement to acquire substantially all assets of Viewtran Group, Inc. (NasdaqGS:VIEW) for $70 million on April 15, 2015. An undisclosed buyer signed a sale and purchase agreement to acquire substantially all assets of Viewtran Group, Inc. (NasdaqGS:VIEW) on April 22, 2015. Viewtran Group, Inc. is planning to de-list its common stock from NASDAQ, the last day of trading being on or about May 14, 2015.

The closing of the transaction will be subject to approval from third parties and/or governmental or regulatory authorities or bodies, a vote of the Viewtran's shareholders. On April 15, 2015, the Board of Directors of Viewtran Group recommended their shareholders to vote for the transaction. On April 15, 2015, the Audit Committee of Viewtran's Board of Directors approved the Purchase Agreement and the transaction.

Viewtran Group, Inc. plans to use such funds to acquire new business operations.