SEVEN ELEMENTS (01660.HK): completes Tung Wui Securities deal
- On 20 October 2026, SEVEN ELEMENTS (01660.HK) completed its purchase of Tung Wui Securities, a Type 1 licensed broker, at a consideration of HK$ 6,335,449.
- The Group's existing asset management business holds Type 4, Type 5 and Type 9 licences, enabling one-stop trading and asset management services.
NewTimeSpace News: On 20 October 2026, Seven Elements Investment Holdings Limited (stock code: 01660) announced that all conditions precedent to its acquisition of the entire issued share capital of Tung Wui Securities Limited were fulfilled and completion took place that day, with the consideration finally set at HK$ 6,335,449.
The Company paid HK$ 1,000,000 as a deposit on the date of the sale and purchase agreement and the remaining HK$ 5,335,449 on completion. Tung Wui Securities holds a Type 1 (dealing in securities) licence and approval has been obtained for the Company and its ultimate beneficial owner to become its substantial shareholders under section 132 of the Securities and Futures Ordinance. It is now a direct wholly-owned subsidiary to be consolidated, adding a brokerage arm to the Group's Type 4, Type 5 and Type 9 licensed asset management business.
