Fund-manager Regent Pacific Group's agreement of the terms for the purchase of a South Korean asset-management business is not expected soon.
The company said it had been negotiating with Seoul-based Daehan Investment Trust under the terms of a recently signed heads of agreement.
After Regent Pacific's annual meeting in Hong Kong, director Anderson Whamond said accounting evaluation had been taking some time.
However, the legal aspects of the 400 billion won (about HK$2.60 billion) transaction had been more straightforward, he said.
Mr Whamond said Regent Pacific remained committed to the South Korean market despite recent wobbles resulting from the deterioration of the Daewoo conglomerate.
'Clearly there are a lot of issues at stake with Daewoo but the government plan is making some substantial progress in the right direction,' he said, adding Regent Pacific had been taking a long-term view of the South Korean market.