Global Credit Group (01669) announced that on November 3, 2023, the company and the seller (Linglong Trading...
According to the Zhitong Finance App, Global Credit Group (01669) announced that on November 3, 2023, the company signed a sales agreement with the seller (Linglong Trading Co., Ltd.), and the company agreed to acquire the nominee for HK$15 million from the seller.
According to the announcement, the club is one of the oldest golf clubs in Asia. It was founded in 1889. With nominee membership, the group will be able to use the club's facilities as a social space, as well as a way for the group to promote its business and expand the group's customer base. Furthermore, the club has a limited number of nominee memberships, making nominee memberships very valuable. Based on historical market prices and their position in the golf industry, nominee membership has secondary market and resale value.