Tianyun International Holdings Limited (SEHK:6836) agreed to acquire Ahead Global Limited from Tsang Yuen Hong Michael for HKD 28 million on June 12, 2024. A cash consideration of HKD 12 million will be paid by Tianyun International Holdings Limited. The remaining consideration will be settled by the issuance of a Promissory Note of HKD 5 million due on September 30, 2024, and the issuance of a Promissory Note of HKD 11 million due on the date falling on the expiry of 180 days after the Completion Date. The cash consideration is intended to be funded by an unsecured loan to be granted by Yeung to the Company on normal commercial terms. The longstop date has been set to June 30, 2024.

For the period ending December 31, 2023, Ahead Global Limited reported total revenue of HKD 67.82 million and net income of HKD 5.51 million. As of December 31, 2023, Ahead Global Limited reported a total common equity of HKD 5.52 million.