The sale of the club has been announced in a statement from GreaterChina Professional Services Limited, released by the Hong Kong Stock Exchange today.
GreaterChina Professional Services Limited has formed a consortium with Camsing Global to purchase the club from current owners, the Allam family.
Whilst the club have agreed to sell, an approval from the Premier League must be met before the purchase can be completed.
Though the agreement requires the approval of the Premier League before it can be completed.