Hong Kong Shanghai Alliance Holdings Limited (SEHK:1001) signed share purchase agreement to acquire remaining 40% stake in HSL Capital Holdings Limited and Hongkong and Shanghai Land Capital Ltd. from Chan Ho Wah Terence and Madam Cho Siu Kwan for HKD 20 million on December 4, 2020. As per terms of transaction, Hong Kong Shanghai Alliance Holdings Limited will acquire two shares of HSL Capital, representing 40% of all the issued shares in Hongkong and Shanghai Land Capital Ltd. and four shares of HSL Capital Holdings representing 40% of all the issued shares in HSL Capital Holdings. Upon completion of the Acquisitions, each of HSL Capital and HSL Capital Holdings will become an indirect wholly-owned subsidiary of the Hong Kong Shanghai Alliance Holdings Limited. As on September 30,2020, Hongkong and Shanghai Land Capital Ltd reported net assets of HKD 33.609 million and HSL Capital Holdings reported net liabilities of HKD 46.371 million. Transaction is approved by the Board of Hong Kong Shanghai Alliance Holdings Limited. Hong Kong Shanghai Alliance Holdings Limited (SEHK:1001) completed the acquisition of remaining 40% stake in HSL Capital Holdings Limited and Hongkong and Shanghai Land Capital Ltd. from Chan Ho Wah Terence and Madam Cho Siu Kwan on December 4, 2020.