Henry Group Holdings Limited (SEHK:859) entered into an agreement to acquire Bond Victory Limited from Ng Ian for HKD 12.8 million in cash on February 28, 2014. The consideration is subject to certain adjustments. Under the terms of the agreement, Henry Group will acquire sale shares and sale loan.

The consideration will be funded from internal resources. Bond Victory Limited reported net assets of HKD 2.1 million and net loss after taxation of HKD 0.43 million for the year ended March 31, 2013. The transaction is subject to certain closing conditions and is expected to close on March 27, 2014.

Quam Capital Limited acted as financial advisor for Henry Group Holdings Limited.