Duodian Digital Intelligence: Proposed Potential Acquisition of 100% Equity in Two Licensed Corporations

Foresight News reports, according to an announcement from the Hong Kong Stock Exchange, the board of directors of Duodian Digital Intelligence Co., Ltd. has submitted a non-legally binding letter of intent regarding the potential acquisition of 100% equity in two licensed corporations under the Securities and Futures Ordinance (Chapter 571 of Hong Kong Law). One of the target companies for the potential acquisition is licensed to conduct regulated activities in 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 date of the announcement, no binding agreements have been signed by the parties regarding the potential acquisition, and terms are still under negotiation. This potential acquisition is considered a strategic move that will help the company quickly enter the regulated financial services sector and lay the groundwork for upgrading Type 1, Type 4, and Type 9 licenses to provide virtual asset trading services. The company plans to upgrade the relevant licenses after completing the potential acquisition to develop its core virtual asset business. The board of directors stated that the terms and conditions of the potential acquisition are still under discussion.