UK-based online book retailer The Book People has completed the acquisition of M&G Presents, with the aim of expanding into the gift market.

Also based in the UK, the target company is a mail order and online gift company.

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LED products and services provider NVC Lighting has reached an agreement to acquire a 1.45% stake in Elec-Tech International.

"The transaction includes acquisition of more than 20 million shares of Elec-Tech International for CNY110m ($16.17m)."

The target company produces and sells small household appliances and LED products. Both the companies involved in the acquisition are based in China.

The transaction includes acquisition of more than 20 million shares of Elec-Tech International for CNY110m ($16.17m).

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