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Unity Investments Holdings Ltd & Double Smart Finance Ltd	Update Date: 11/02/08
Date Announced: 10/09/08
Value (million $USD): 2.6 million U.S. Dollar 20.0 million Hong Kong Dollar

Status: Pending

TRANSACTION DETAILS
Date Announced	10/09/08
Date Originally Announced	10/09/08
Format	Acq. Part. Int.	Acquisition techniques	Privately Negotiated Purc; Financial Acquiror
Attitude	Friendly	Agency	Hong Kong Stock Exchange
Value	2.6 million U.S. Dollar 20.0 million Hong Kong Dollar	Advisor Fees	n/a

SYNOPSIS

HONG KONG - Double Smart Finance Ltd, a wholly-owned unit of Heritage International Holdings Ltd, agreed to acquire notes convertible into a 28.73% stake, or 151.515 mil new ordinary shares, in Unity Investments Holdings Ltd, an investment company, in exchange for 0.132 Hong Kong dollar ($0.017 US) per share, or a total value of HK$20 mil ($2.578) in debt reduction and privately negotiated transaction. The transaction was subject to shareholders' and regulatory approvals.

TARGET
Name	Unity Investments Holdings Ltd (Hong Kong : 0913)
Industries	n/a
City	North Point
State	n/a
Nation	Hong Kong
Incorporated in	n/a
Public Status	Public
Business Description	Unity Investments Holdings Ltd, located in North Point, Hong Kong, is engaged in the investment in listed and unlisted companies. It has operations in Taiwan and US.
Advisors	NULL
Target Sales	107.4 million U.S. Dollar 837.2 million Hong Kong Dollar

ACQUIROR
Name	Double Smart Finance Ltd
Industries	Short-term business credit institutions; Misc business credit
City	n/a
State	n/a
Nation	Hong Kong
Incorporated in	n/a
Public Status	Subsidiary
Business Description	Double Smart Finance Ltd, located in Hong Kong, is a money lending services provider.
Advisors	NULL
Acquiror Sales	n/a

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