New Island Development Holdings has been acquired by Huajun International Limited

The shareholders of New Island Development Holdings Limited, based in China, have sold a 62.62% stake in the company to Huajun International Limited for a total consideration of US$75.08 million.

New Island Development Holdings Limited is principally engaged in the sale and manufacturing of high quality multi-colour packaging products, carton boxes, books, brochures and other paper products; provision of finance; securities and investments; and property investments.

Huajun International Limited is principally engaged in real estate development, logistics services and investment advisory services in the PRC.

Oaklins' team in Hong Kong acted as an independent financial advisor to the seller in this transaction.