News and Announcements
iFAST Completes Proposed Acquisition of Stockbroking Firm
- Published January 08, 2016 10:52AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
7th January 2016, iFAST Corporation
The Board of Directors of iFAST Corporation Ltd. (“the Company”, or together with its subsidiaries, the “Group”) refers to the announcement released by the Company on 10 June 2015 and 2 December 2015 relating to the Agreement for the Sale and Purchase of the entire share capital of the Winfield Securities Limited (“Winfield Securities”) representing 100,000 shares of HK$1.00 each in the issued and paid-up share capital of Winfield Securities (“Proposed Acquisition”) and receipt of approval from the Securities and Futures Commission of Hong Kong (“SFC”).
The Company is pleased to announce that the Proposed Acquisition has been completed on 6 January 2016 with the purchase consideration revised from the estimated HK$14.7 million to HK$15.8 million after reviewing the Updated Management Accounts of Winfield Securities at completion date.
To read the full announcement, please click here.
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