Glonghui, April 26 | Anling International (01410.HK) announced that on April 26, 2024, Edvance Financial (a direct wholly-owned subsidiary of the company), Jaguar Investment and Liao Rui Ting (as the seller) entered into the agreement with these buyers (Chen Ziyan, Li Haoxu, Lu Ting-kuang). Based on this, the sellers agreed to sell, and these buyers agreed to acquire 60% of the target company Lion Global Finance held by Edvance Financial at a cost of HK$6.445 million.
As of the date of the agreement and immediately prior to completion, Edvance Financial held 60% of the target company's issued share capital. It was completed immediately after signing the agreement. Immediately after completion, the Group no longer held any interest in the target company.
The target company is mainly engaged in investment holdings. The target company holds all of the issued share capital of the subsidiary, which is mainly engaged in securities trading, providing advice on securities and asset management services. The subsidiary is a licensed corporation capable of carrying out Type 1 (trading in securities), Class 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong.
The company's main business is investment holding. The Group is mainly engaged in the distribution of cybersecurity products, the provision of cybersecurity services, and the provision of digital asset financial services and investment business. Taking into account the target group's performance and the distribution of additional resource burdens from the group's other businesses, the directors believe that the sale is in the interests of the group and will help management focus on developing the existing cybersecurity business and exploring investment opportunities, thereby achieving benefits for the company's shareholders.