BetterLife (HKG:6909) subsidiary Beijing BetterLife Group emerged as the sole bidder for the potential acquisition of creditor's rights from Mengshang Bank, a Tuesday Hong Kong bourse filing said.

Beijing BetterLife Group submitted the bid and paid the earnest money to JD Asset Bidding Network Platform, the online asset bidding platform of JD.com (HKG:9618).

Given the absence of other bidders, the acquisition process will be completed after a seven-day waiting period unless a new bidder emerges.

The automobile dealership service provider's shares closed over 5% lower on Tuesday.

Price (HKD): $0.90, Change: $-0.050, Percent Change: -5.26%