Advised Xin Yuan Enterprises Group Limited on the acquisition of vessel

Advised Xin Yuan Enterprises Group Limited (stock code: 1748) (Xin Yuan) on the acquisition of a vessel for a consideration of approximately US$15 million.

The MOA was entered into on 24 October 2019 and constituted a discloseable transaction under Chapter 14 of the Hong Kong Listing Rules.

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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