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Dl Holdings (1709. Hk) To Acquire Remaining 55% Stake Of Dl Family Office At Valuation Of No More Than Hk$500 Million

PRIVATEJul 10, 2023

Acquiring Company

DL Holdings Group Limited (Stock Code

Acquired Company

DL Holdings Group Limited (Stock Code

Financial ServicesFinanceBankingConsultingFinancial ServicesFinanceBankingConsulting

Description

DL Holdings Group Limited ("DL Holdings" or the "Company"; Stock Code: 1709.HK) has recently announced the signing of a Memorandum of Understanding (MOU) regarding to the potential acquisition of the remaining stake in its affiliated company, DL Family Office (HK) Limited ("DL Family Office"), following the acquisition of 45% stake of DL Family Office in January 2023. The Group will acquire the remaining 55% stake of DL Family Office at a valuation of no more than HK$500 million. After the acquisition, DL Family Office will become a wholly-owned subsidiary of the listed DL Holdings Group.

Quick answer

DL Holdings Group Limited (Stock Code is acquiring DL Holdings Group Limited (Stock Code, announced July 10, 2023.

How much did DL Holdings Group Limited (Stock Code pay for DL Holdings Group Limited (Stock Code?
The deal value was not disclosed.

Source: Fundz verified event record.

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Company Information

Company

DL Holdings Group Limited (Stock Code

About

DL Holdings Group (1709.HK) is a Hong Kong-listed asset management and financial services platform with a core focus on investment banking business, covering securities trading, financial consulting, multi-strategy investment fund management, investment research, financial loans and other financial services. Its subsidiary, DL Securities, holds SFC licenses for Type 1 (securities trading), Type 4 (advising on securities) and Type 6 (advising on corporate financing) regulated activities. The Group's subsidiary, DL Capital, mainly provides asset management services, holding SFC licenses for Type 4 (advising on securities) and Type 9 (asset management) regulated activities. The Group's subsidiary, ONE Advisory, provides one-stop, bespoke and comprehensive global identity planning consulting services and solutions for high-net-worth individuals and families. The listed company also holds a Singapore RFMC fund license and a Cayman Islands SIBL fund license. The Group has established 18 limited partnership funds in Hong Kong, which mainly invest in private equity. The Group's subsidiary, Seazon Pacific, is committed to providing overall solutions for supply chain management. SOURCE DL HOLDINGS GROUP LIMITED

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Frequently asked

Who acquired DL Holdings Group Limited (Stock Code?

DL Holdings Group Limited (Stock Code was acquired by DL Holdings Group Limited (Stock Code. The deal was reported on July 10, 2023. DL Holdings Group Limited (Stock Code is privately held and operates in Financial Services.

When did DL Holdings Group Limited (Stock Code acquire DL Holdings Group Limited (Stock Code?

DL Holdings Group Limited (Stock Code's acquisition of DL Holdings Group Limited (Stock Code was reported on July 10, 2023. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does DL Holdings Group Limited (Stock Code do?

It is privately held, operating in Financial Services.

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