Core Viewpoint - Henry Group (03638) has announced a conditional agreement to acquire 65% of the issued shares of Chengtou China Financial Co., Ltd. for HKD 20 million, which is expected to enhance its market position in the financial services industry [1] Group 1: Acquisition Details - The buyer, Greatness Aim Limited, is a wholly-owned subsidiary of Henry Group, and the seller is PSPB (2013) Investment Limited [1] - Chengtou China Financial Co., Ltd. is a licensed money lender in Hong Kong, primarily engaged in lending and bad debt recovery [1] Group 2: Strategic Benefits - The acquisition will allow the group to expand and diversify its customer base, further solidifying its market position in the financial services sector [1] - The group anticipates operational synergies and economies of scale, which are expected to enhance cost efficiency and profitability through shared infrastructure and resources [1] - The acquisition is expected to provide strategic benefits, such as entering new markets and enhancing compliance capabilities [1] Group 3: Financial Outlook - The group expects to broaden its revenue base as a result of the acquisition, creating synergies and new opportunities between the lending business and its existing financial services [1] - The target company has a substantial loan portfolio, which is expected to support its growth, and its reliable track record indicates that it can provide stable income, contributing to significant growth for the group [1]
亨利加集团(03638)拟2000万港元收购城投中国理财有限公司65%股权