ARTA TECHFIN (00279) intends to sell all issued shares of Yu Cheng Global Market.

date
17/07/2025
avatar
GMT Eight
Yu Cheng Kejin (00279) announced that on July 17, 2025 (after trading hours), the company (as the seller...
ARTA TECHFIN (00279) announced that on July 17, 2025 (after trading hours), the company (as the seller) entered into a sale and purchase agreement with the buyer, under which the company has conditionally agreed to sell, and the buyer has conditionally agreed to acquire all issued shares of the target company Yu Cheng Global Markets Limited, at a price subject to the terms and conditions of the sale and purchase agreement. Considering that the company's wholly-owned subsidiary, Yu Cheng Asset Management Limited, is also licensed under the Securities and Futures Ordinance to engage in Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities (similar to the target company), the sale will enable the group to streamline its operations by consolidating all resources and manpower related to regulated activities under Yu Cheng Asset Management Limited, enhancing overall efficiency and focus of the subsidiary. It will also bring in additional cash inflows and allow for the reallocation of resources to increase the group's liquidity, support future development and growth plans. This strategic decision aligns with the group's long-term objectives and promotes sustainable development.