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MultiTech: Intends to Potentially Acquire 100% Equity of Two Licensed Hong Kong Entities
Summary: According to reports, Hong Kong-listed company MultiTech (02586.HK) announced that it has entered into a non-legally binding letter of intent for the potential acquisition of 100% equity of two licensed entities under Chapter 571 of the Securities and Futures Ordinance in Hong Kong. One of the target companies in the potential acquisition holds licenses for ...
According to reports, Hong Kong-listed company MultiTech (02586.HK) announced that it has entered into a non-legally binding letter of intent for the potential acquisition of 100% equity of two licensed entities under Chapter 571 of the Securities and Futures Ordinance in Hong Kong. One of the target companies in the potential acquisition holds licenses for regulated activities in Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management), while the other company holds a Type 1 (dealing in securities) license. As of the announcement date, no binding agreements have been signed regarding the potential acquisition, and negotiations on terms are still ongoing.
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Link: MultiTech: Intends to Potentially Acquire 100% Equity of Two Licensed Hong Kong Entities [Copy]
