New Metro Global Limited entered into sale and Purchase Agreement to acquire a 39.372667% stake in Universe Printshop Holdings Limited (SEHK:8448) from Chau Man Keung, Leung Yuet Cheong, Wong Man Hin Joe and Wang Hsiung Yu for HKD 8.9 million on April 4, 2022. Under the terms, 354354000 shares will be acquire at a price of HKD 0.025 per share. The Offer will be open for acceptance on and from Wednesday, 27 April 2022 and will be closed for acceptance on Friday, 20 May 2022.

Octal Capital Limited acted as financial advisor to Universe Printshop Holdings and Sorrento Capital Limited acted as legal advisor to New Metro Global Limited. Proton Capital Limited acted as Independent Financial Adviser to the Independent Board Committee.