News and Announcements
iFAST Acquire Insurance Brokerage Firm In Hong Kong
- Published November 15, 2016 4:55PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
14th November 2016, iFAST Corporation
The Board of Directors of iFAST Corporation Ltd. (“the Company” or together with its subsidiaries, the “Group”) wishes to announce that the Company had entered into an Agreement for the Sale and Purchase of the entire share capital of Canadian Financial Consultants Limited (“Canadian Financial Consultants”), representing 100,000 shares of HK$1.00 each in the issued and paid-up share capital of Canadian Financial Consultants from Ripcord Limited and Befriend Company Limited (“Acquisition”).
Canadian Financial Consultants is principally engaged in insurance brokerage in Hong Kong. It is a member of the Hong Kong Confederation of Insurance Brokers (“CIB”) for the lines of business in General Insurance and Long Term (including linked long term) Insurance. Canadian Financial Consultants is also registered with the Mandatory Provident Fund Authority of Hong Kong (“MPF”) to act as a MPF Principal intermediary.
The Acquisition will allow the Group to conduct insurance brokerage activities in Hong Kong and expand the range of products available on its investment platforms.
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