CHINA ART FIN (01572.HK): Proposes Acquisition of Hong Kong Licensed Corporation with Type 1, 4 and 9 Licences to Develop Digital Financial Services
NewTimeSpace News: CHINA ART FIN (01572.HK) announced on 9 July that it plans to acquire 100% issued share capital of Sande Global Investment Management Limited, a Hong Kong licensed corporation holding SFC Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) licences. A non-binding letter of intent has been signed while transaction terms remain under negotiation. The Group intends to upgrade the licences for virtual asset trading services and build an innovative “Art Finance + Real World Assets (RWA)” model. The exclusivity period lasts for 60 days. If completed, the acquisition may constitute a notifiable transaction. There is no guarantee the transaction will proceed.
NewTimeSpace News: On 9 July 2026, CHINA ART FIN (01572.HK) released a voluntary announcement. The Group entered into a non-binding letter of intent with the vendor on 9 July 2026 to acquire 100% of the issued share capital of Sande Global Investment Management Limited. The target is a Hong Kong licensed corporation authorised to conduct Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset Management) regulated activities. No binding agreement has been executed and terms are still subject to negotiations between all parties.
The Company stated that the potential acquisition represents a strategic layout, enabling the Group to rapidly enter regulated financial services and shorten approval timelines. Upon completion, the Group plans to upgrade the licences to offer virtual asset trading services and establish an innovative business model of “Art Finance + Real World Assets (RWA)”. The exclusivity period shall be 60 days. Should the potential acquisition materialise, it may constitute a notifiable transaction under the Listing Rules and be subject to relevant requirements for announcements, circulars and/or shareholders’ approval. The Company reminds investors that the potential acquisition may not materialise.
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