An unknown buyer entered into an agreement to acquire 20% stake in Full Smart Asia Limited from China Trends Holdings Limited (SEHK:8171) for HKD 22.8 million on December 22, 2019. Under the terms of the transaction, the buyer will pay 50% in cash within two days after signing the agreement, and the balance of 50% will be paid one year after the signing of the agreement. Upon completion of the transaction, Full Smart Asia Limited will no longer be an invested company for sale of China Trends Holdings Limited. After completion of the transaction, the buyer will hold 20% shareholdings in Full Smart Asia Limited. Full Smart Asia Limited reported total common equity of HKD 123 million as of November 30, 2019.