Gelonghui, April 17, 丨 Future Data Group (08229.HK) announced that on April 17, 2024, the buyer FD Digital Investment Holdings Limited (a direct wholly-owned subsidiary of the company) entered into an acquisition agreement with the seller. According to this, the buyer conditionally agreed to the acquisition and the seller Zhang Zhijian conditionally agreed to sell the shares, which is equivalent to the entire issued share capital of the target company Superior Investment Management Co., Ltd. The cost is HK$3 million and will be paid by the company through allotment and issuance of compensatory shares. Price shares are equivalent to approximately 1.29% of the company's issued share capital after allotment and expansion of consideration shares issued.
The target companies are mainly engaged in activities subject to Type 9 (Provision of Asset Management) under the Provision of Securities and Futures Ordinance in Hong Kong. Upon completion, the target company will become an indirect wholly-owned subsidiary of the company.
The Group has been actively exploring new business opportunities related to the latest technology trends in digital assets (such as non-homogenized currencies, blockchain and metaverse) to increase revenue streams and establish synergy with the Group's existing business. The directors have been reviewing recent market trends and asset management related to digital assets (“VA Asset Management”), and believe that the asset management field and related business expectations have great potential and can bring long-term benefits to the Group. VA asset management can generally utilize advanced technologies such as blockchain, smart contracts, and artificial intelligence, which can not only optimize investment strategies, but also ensure safety and improve operational efficiency.
The Group plans to use the target company as its initial platform in the financial services sector. By integrating VA asset management into the Group's existing business units (such as blockchain and metaverse) and by integrating the Group's existing technology into the operations of target companies, it will consolidate and empower the Group's existing business areas, thereby increasing more profits and returns.