IKKA Holdings (Cayman) Limited (TWSE:2250) agreed to acquire SOL-PLUS (HK) CO., LIMITED from Nengshuiyi Venture Capital Co., Ltd., Nerf Asia Capital Co., Ltd. and Hubei Jinmai Investment Co., Ltd. for $9.69 million on June 30, 2022. Consideration will be paid in both cash and stock. Share consideration of total of 2,105,408 newly issued ordinary shares of the IKKA Holdings.

Cash consideration: a total of $ 3.5 million, which is paid for by the company's own funds. Cheng Yunda of Anders Associated Accounting Firm acted as accountant to IKKA Holdings. Transaction is expected to close on September 1, 2022.