Core Viewpoint - The company, Henry Group (03638), has announced a conditional agreement to acquire 65% of the issued shares of City Investment China Financial Limited for HKD 20 million, which is expected to enhance its market position in the financial services industry and diversify its client base [1] Group 1: Acquisition Details - The buyer, Greatness Aim Limited, is a wholly-owned subsidiary of the company, while the seller is PSPB (2013) Investment Limited [1] - City Investment China Financial Limited is a licensed money lender in Hong Kong, primarily engaged in lending and debt recovery [1] Group 2: Strategic Benefits - The acquisition is anticipated to expand and diversify the company's client base, further solidifying its market position in the financial services sector [1] - The company expects to leverage operational synergies and economies of scale to enhance cost efficiency and profitability through shared infrastructure and resources [1] - The strategic benefits include entering new markets and improving compliance capabilities, which are expected to broaden the revenue base and create new opportunities in lending [1] Group 3: Financial Outlook - The target company has a substantial loan portfolio, which is expected to provide stable income and significant growth potential for the company [1] - The reliable track record of the target company indicates its profitability can contribute to the company's overall growth [1]
亨利加集团拟2000万港元收购城投中国理财有限公司65%股权