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TWG Announces Entry into of a Material Definitive Agreement for the Acquisition of Wine Authentication and Tracking System and Wine Trading Business
Globenewswire· 2026-01-20 11:50
Core Viewpoint - Top Wealth Group Holding Limited has announced a strategic acquisition of Airentity International Limited, valued at approximately US$125 million, to diversify its offerings in the beverage sector, particularly in wine trading, complementing its existing premium caviar business [1][3]. Group 1: Acquisition Details - The acquisition involves the purchase of Airentity International Limited and its subsidiary, Airentity Technology Limited, which are engaged in wine authentication and trading in the Asia Pacific Region [1]. - The Target Group's wine authentication and tracking system (WATS) has been widely adopted since its deployment in 2025, indicating strong business potential due to increasing concerns over product authenticity [2]. - The acquisition will be financed through the issuance of 14,979,854 Class A Ordinary Shares and 3,000,000 Class B Ordinary Shares at an offer price of US$7.00 per share [5]. Group 2: Strategic Fit and Market Position - The businesses of the Target Group align well with the Company's existing caviar and wine trading operations, sharing similar customer demographics [3]. - The acquisition is expected to enhance the Company's profitability and asset size, thereby creating value for shareholders [3]. - The Company aims to deepen its presence in the luxury segment, where caviar and fine wine complement each other [4]. Group 3: Corporate Governance - The proposed transaction received unanimous approval from all independent directors of the Company, ensuring fairness and alignment with shareholder interests [5].