Future World Completes Strategic Acquisition
Company Announcements

Future World Completes Strategic Acquisition

Future World Holdings Limited (HK:0572) has released an update.

Future World Holdings Limited has successfully acquired Elite Holdings International, making it a wholly-owned subsidiary and incorporating its financials into the group’s consolidated statements. The acquisition was partly settled by issuing 21,700,000 new shares at HK$0.7 each and a promissory note worth HK$13,600,000. This transaction has resulted in a shift in the company’s shareholding structure, notably adding the vendor as a new significant shareholder with an 8.55% stake.

For further insights into HK:0572 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App