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The latest announcement is out from DL Holdings Group Limited ( (HK:1709) ).
DL Holdings Group Limited, a company incorporated in the Cayman Islands, has announced a significant transaction involving its subsidiary, DL Digital Family Office. The company has agreed to sell 28% of DL Digital Family Office’s shares for approximately USD 9.80 million, valuing the entire entity at USD 35 million. Additionally, DL Holdings has implemented a DFO Share Scheme to incentivize key employees by transferring 25% of its issued share capital to an ESOP platform. Following these transactions, DL Digital Family Office will no longer be a subsidiary but will be accounted for as an associate, impacting the company’s financial reporting.
More about DL Holdings Group Limited
YTD Price Performance: -26.41%
Average Trading Volume: 1,927,424
Technical Sentiment Signal: Hold
Current Market Cap: HK$6.05B
Find detailed analytics on 1709 stock on TipRanks’ Stock Analysis page.