Everest Global Plc - Acquisition
PR Newswire
LONDON, United Kingdom, April 09
09 April 2024
Everest Global plc
("Everest" or the "Company")
Acquisition of 33% of Ace Jumbo Ventures Limited, a Hong Kong Type 9 and Type 4 Licence Holder
The Company is pleased to announce that on 08 April 2024 it entered into a share purchase agreement ("SPA") with Giga Treasure Limited (the "Seller"), to acquire 33 per cent. of the issued share capital of Ace Jumbo Ventures Limited (the "Target") for US$20,000 in cash (the "Transaction"). The Target is the parent company of Giga (Hong Kong) Limited, a company incorporated in Hong Kong which holds a licence to carry out the provision of advice on securities (Type 4 Licence) and a licence to carry out asset management related regulated activities (Type 9 Licence) under the Securities and Futures Ordinance in Hong Kong. (the "Licences"). The Directors of the Company believe that holding an interest in the Licences will help facilitate future fundraisings to be undertaken by the Company from investors based in Hong Kong.
The Directors of the Company take responsibility for the contents of this announcement.
For further information please contact the following:
Everest Global plc |
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Andy Sui, Chief Executive Officer Rob Scott, Non-Executive Director | +44 (0) 776 775 1787 +27 (0)84 6006 001 |
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Cairn Financial Advisers LLP |
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Jo Turner / Emily Staples |
+44 (0) 20 7213 0885 / +44 (0)20 7213 0897 |
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Caution regarding forward looking statements
Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identi?ed by their use of terms and phrases such as 'believe', 'could', "should" 'envisage', 'estimate', 'intend', 'may', 'plan', 'potentially', "expect", 'will' or the negative of those, variations or comparable expressions, including references to assumptions. These forward-looking statements are not based on historical facts but rather on the Directors' current expectations and assumptions regarding the Company's future growth, results of operations, performance, future capital and other expenditures (including the amount, nature and sources of funding thereof), competitive advantages, business prospects and opportunities. Such forward looking statements re?ect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.
