Future World (00572.HK) announced that it will acquire all the equity and shareholder loans of Elite Holdings International from independent third party Zhu Yuxin for a total consideration of RMB 26.7747 million. It will issue 21.7 million new shares and pay RMB 13.6 million in acceptance bills. The consideration shares are issued at a price of 0.7 yuan per share, the same as the previous day's (26th) closing price, and the shares account for approximately 8.55% of the enlarged share capital. Elite Holdings owns a nine-story building in Shanxi Province, with a total construction area of approximately 15,000 square meters, including 129 rooms, and is expected to operate a hotel starting from July.

In addition, the company acquired Zhusi Investment for a consideration of RMB 2 million, of which RMB 1 million was paid in cash and the balance was paid by issuing 1.4286 million new shares, at a price of 0.7 yuan per share, equivalent to 0.61% of the enlarged share capital. Zhusi Investment's subsidiary has a license to engage in regulated activities under the Securities and Futures Ordinance for Type 9 (providing asset management).