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Advised on the sale of 21.25% of the issued share capital of Xin Yuan Enterprises Group Limited

Advised the controlling shareholder of Xin Yuan Enterprises Group Limited (stock code: 1748) (Xin Yuan) on the sale of an aggregate of 21.25% of the issued share capital of Xin Yuan to independent third party purchasers for a consideration of HK$132 million approximately. The transaction is expected to complete on 4 November 2019.


Xin Yuan is an investment holding company principally engaged in provision of asphalt tanker chartering services under various types of charter agreement.


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