News and Announcements
iFAST Proposed Acquisition Of A Stockbroking Firm In Hong Kong
- Published December 03, 2015 4:40PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
3rd December 2015, 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 relating to the Agreement for the Sale and Purchase of the entire share capital of Winfield Securities Limited (“Winfield Securities”) representing 10,000,000 shares of HK$1.00 each in the issued and paid-up share capital of Winfield Securities (“Proposed Acquisition”), subject to approval from the Securities and Futures Commission of Hong Kong (“SFC”).
The Company wishes to announce that the Company had received approval from SFC, subject to certain statutory conditions from SFC regarding the Proposed Acquisition of Winfield Securities.
The Company will provide updates on the completion as and when appropriate.
None of the Directors or substantial shareholders of the Company have any interest, directly or indirectly, in the said transaction save for their interest arising by way of their shareholdings and/or directorships, as the case may be, in the Company.
To read the full announcement, please click here.
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