Wang On Group Limited (SEHK:1222) entered into an agreement to acquire 20.17% in China Agri-Products Exchange Limited from Tang Ching Ho for HKD 200 million on September 6, 2023. The Long Stop Date is January 31, 2024. Altus Capital Limited acted as financial advisor for Wang On Group Limited.

The Purchaser intends to fund the Consideration by internal resources of the Group. The deal has been approved by shareholders of Wai Yuen Tong Medicine Holdings Limited.