Multi-point intelligence: Proposed potential acquisition of 100% equity in two licensed corporations in Hong Kong

ChainCatcher news, the Hong Kong-listed company Multi-Point Intelligent (02586.HK) announced that it has submitted a non-binding letter of intent regarding a potential acquisition of 100% equity in two licensed corporations under the Securities and Futures Ordinance (Cap. 571) of Hong Kong.

One of the target companies for the potential acquisition is licensed to conduct regulated activities of Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management), while the other company holds a Type 1 (dealing in securities) license. As of the announcement date, no binding agreements have been signed by the parties regarding the potential acquisition, and negotiations on the terms are still ongoing.