Everest Global Plc - Acquisition

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
Andy Sui, Chief Executive Officer Rob Scott, Non-Executive Director	[phone] [phone]
Cairn Financial Advisers LLP
Jo Turner / Emily Staples	[phone] / [phone]

Caution regarding forward looking statements

Certain statements in this announcement, are, or may be deemed to be, forward looking statements. Forward looking statements are identified 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 reflect the Directors' current beliefs and assumptions and are based on information currently available to the Directors.

 

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