Force Hasting Limited entered into agreement to acquire 19% stake in Broad World Holdings Limited from Elite State Developments Limited for HKD 65 million on March 26, 2018. Force Hasting Limited will acquire 57 shares. As of December 31, 2018, the consideration revised to HKD 110 million. The consideration will be settled in cash upon completion. Upon completion, Elite State Developments Limited will cease to hold any shareholding interests in Broad World Holdings Limited. For the year ended December 31, 2017, Broad World Holdings Limited reported revenue of HKD 3.64 million. The transaction is expected to complete on June 30, 2018. As of June 28, 2018, long stop date has been extended August 31, 2018 for completion of transaction. As of August 31, 2018, long stop date has been extended October 31, 2018 for completion of transaction. As of September 28, 2018, long stop date has been extended from September 30, 2018 to October 31, 2018. As of October 31, 2018, long stop date has been extended to December 31, 2018. As of December 31, 2018, long stop date has been extended to June 30, 2019. Force Hasting Limited completed the acquisition of 19% stake in Broad World Holdings Limited from Elite State Developments Limited on December 20, 2018.