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CASH Financial, investment firm extend deadline for deal completion

Celestial Investment Group Ltd., CASH Financial Services Group Ltd. and Ever Billion Group agreed to extend the deadline for completing a deal involving the sale of a 36.28% stake in CASH Financial to Jan. 31, 2017.

As part of the proposed deal, investment firm Ever Billion Group is buying a 36.28% stake in CASH Financial from Celestial Investment Group for HK$765 million. The companies said they extended the long stop date since more time is needed to fulfill certain conditions.

Previously, the companies had set Dec. 31 as the long stop date for the deal.