Howkingtech International's (HKG:2440) controlling shareholder Howkingtech Holding agreed to dispose of its 121,124,579 shares, representing 53.83% of the entire issued share capital of the company, to Home Office Development for HK$107.7 million at HK$0.889 apiece, a Friday bourse filing said.

Eight other shareholders of the company also agreed to sell in aggregate 36,630,821 shares, representing 16.28% of the company's total issued shares, to Home Office Development for a total of HK$32.6 million, at HK$0.889 apiece.

The buyer plans to cancel these purchased shares and will also make offers to buy the rest of the company's issued and outstanding shares.