Company Strategy - Powell Max Limited has commenced activities to pursue acquisitions as part of its strategy to build and grow its business operations in the financial communications industry [1][2] - The company is evaluating several financial communications service companies to enhance its market share in Hong Kong and Asia [1][2] Acquisition Targets - Powell Max intends to acquire companies generating between $1.5 million and $5 million in gross annual revenue [2] - The company plans to retain most management teams of the acquired companies and expand them with professionals specializing in corporate strategy and business development [2] Market Context - Financial communications service companies in Hong Kong provide essential services such as compliance filings, financial printing, and investor communications [3] - The Main Board of the Stock Exchange in Hong Kong has a total market capitalization of approximately $4,521 billion, with 2,632 listed companies, indicating strong local demand for financial communications services [3] Financial Support - Powell Max has secured a standby equity line of credit with a maximum amount of $40 million to support its acquisition pursuits and strategic partnerships [3] Acquisition Process - Powell Max has not entered into any written agreements with the targets currently being evaluated, and any acquisition is subject to due diligence and negotiation of definitive transaction agreements [4]
Powell Max - $4,521 Billion Addressable Market Acquisition Strategy