Multipoint Intelligence: Intends to Potentially Acquire 100% Equity of Two Hong Kong Licensed Entities

BlockBeats News, October 13, Hong Kong-listed Company MultiTech Group (02586.HK) announced that it has entered into a non-legally binding Letter of Intent regarding the potential acquisition of 100% equity interest in two Hong Kong licensed corporations under the Securities and Futures Ordinance Chapter 571. One of the target companies of 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, the parties have not signed any binding agreements regarding the potential acquisition and are still in discussions regarding the terms.