Huifu ((01806.HK) and the offeror, Purity Investment Limited, jointly announced that on December 22nd, 2020, the offeror requested the board to submit a proposal to delist the company from the HK Exchange. The amount of cash required to implement the proposal is approximately HKD1,251.5 million (USD161 million). After the proposal is completed, the company will become a wholly-owned subsidiary of the offeror and will withdraw its listing status. Huifu was established in 2006. It in 2011 was awarded a payment business license from the PBOC. In June 2018, Huifu was listed on the Hong Kong Stock Exchange, and was the first mainland listed 3rd party payment provider. On December 24th, its closing price was HKD3.38, less than half of its IPO price of HKD7.50.