12:53 AM EST, 02/22/2022 (MT Newswires) -- Space Group Holdings (HKG:2448) unit Space Financial Holdings struck a deal to acquire corporate finance adviser Advent Corporate Finance from an independent third party for HK$105 million ($13.5 million), according to a late Monday filing.
The parties have until July 31 to fulfill certain conditions in order to close the deal.
Space Group expects the deal to help it advance its financial businesses and speed up its Greater Bay Area expansion.
Shares of the fitting-out works provider lost over 2% recently.
Price (HKD): $5.46, Change: $-0.12, Percent Change: -2.15%