Gold-Finance Holdings Limited (SEHK:1462) entered into a non-legally binding memorandum of understanding to acquire Zhejiang Jin Guan Cheng Fund Sales Company Limited from Wei Jie for HKD 8 million on May 4, 2018. On May 22, 2018, Gold-Finance entered into a sale and purchase agreement to acquire Zhejiang Jin Guan from Wei Jie. As per the terms, consideration will be settled by way of issue of the notes. For the year ended March 31, 2018, Zhejiang Jin Guan reported net loss after tax of CNY 119 million and net asset of CNY 28 million. Completion of the acquisition shall be subject to Consents and approvals: Gold-Finance and Wei Jie have obtained all necessary consents, authorisations, and approvals (if any) including all consents, authorisations and approvals of/by Gold-Finance, the relevant government or regulatory agencies, any applicable authority, organisation or any other third party and subject to due diligence. The completion of the acquisition will take place three business days after the date of all the conditions precedent to the sale and purchase agreement being satisfied or waived. Gold-Finance Holdings Limited (SEHK:1462) cancelled the acquisition of Zhejiang Jin Guan Cheng Fund Sales Company Limited from Wei Jie on May 4, 2019.