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CASH Financial, investment company further extend deadline for deal completion

Celestial Investment Group Ltd., CASH Financial Services Group Ltd. and Ever Billion Group agreed to further extend the deadline for completing a deal involving the sale of a 36.28% stake in CASH Financial to Feb. 28.

As part of the proposed deal, investment company Ever Billion Group is buying the CASH Financial stake from Celestial Investment Group for HK$765 million.

The companies said Jan. 23 that they extended the long stop date as more time is needed to fulfill certain conditions.

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