Duodian Shuzhi: Plans to potentially acquire 100% equity of two licensed corporations

According to Foresight News, according to an announcement from the Hong Kong Stock Exchange, the board of directors of Duodian Digital Intelligence Co., Ltd. announced that it has delivered a non-legally binding letter of intent for the potential acquisition of 100% equity interests in two corporations licensed under the Securities and Futures Ordinance, Chapter 571 of Hong Kong Laws. One of the target companies of the potential acquisition is licensed to carry out 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) licence.


As of the date of the announcement, the parties have not signed any binding agreement on the potential acquisition and are still negotiating the terms. This potential acquisition is regarded as a strategic layout that will help the company quickly enter the regulated financial services field and provide the basis for subsequent upgrades to 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 its core virtual asset business after the potential acquisition is completed. The board of directors said the terms and conditions of the potential acquisition are still under negotiation.


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