Duodian Digital Intelligence: Plans Potential Acquisition of 100% Equity in Two Licensed Corporations
Foresight News: According to an announcement by the Hong Kong Stock Exchange, the board of directors of Duodian Shuzhi Co., Ltd. has announced that it has submitted a non-legally binding letter of intent regarding the potential acquisition of 100% equity in two licensed corporations under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). One of the target companies for the potential acquisition is licensed to conduct Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management) regulated activities, while the other company holds a Type 1 (dealing in securities) license.
As of the date of the announcement, no binding agreements have been signed by the parties regarding the potential acquisition, and terms are still under negotiation. This potential acquisition is considered a strategic move that will help the company quickly enter the regulated financial services sector and lay the foundation for subsequent upgrades of Type 1, Type 4, and Type 9 licenses to provide virtual asset trading services. The company plans to upgrade the relevant licenses to carry out core virtual asset business after the completion of the potential acquisition. The board of directors stated that the terms and conditions of the potential acquisition are still under negotiation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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