On 1 April 2026, TRADEGO’s wholly owned subsidiary Power Mind Global Limited signed a share purchase agreement to acquire 33.4% of Tiger Faith AM International Limited, the sole shareholder of Tiger Faith Asset Management Limited. The target asset manager holds Type 4 (advising on securities) and Type 9 (asset management) licences under Hong Kong’s Securities and Futures Ordinance.
Deal Structure and Pricing • Consideration comprises (i) a share-premium payment of HK$0.89 million and (ii) 33.4% of the target’s net asset value as at completion, to be confirmed by an independent auditor. • Payment schedule: HK$0.53 million is due within seven business days after satisfactory due-diligence results, with the balance payable upon transfer of the equity stake.
Strategic Rationale The Board views Hong Kong’s financial-services industry as having strong policy-driven growth prospects. Adding licensed advisory and asset-management capabilities broadens TRADEGO’s product suite beyond its core integrated securities-trading platform services, supporting revenue diversification and the build-out of a comprehensive financial platform.
Regulatory Status All applicable percentage ratios under GEM Listing Rule 19.07 are below 5%; the transaction therefore falls outside Chapter 19 disclosure thresholds. Completion remains subject to closing conditions, and the acquisition may or may not proceed.
TRADEGO continues to focus on delivering integrated trading-system and market-data solutions while pursuing complementary growth opportunities within Hong Kong’s regulated financial sector.
Comments