GoFintech Expands Market Presence With Strategic Acquisitions

GoFintech Innovation Limited (HK:0290) has released an update.

GoFintech Innovation Limited has announced the acquisition of an additional 9,935,000 shares in a listed company, which coupled with a previous purchase, totals a 1.15% stake at a combined cost of around HK$61 million. These transactions, while individually not notifiable, collectively exceed 5% of the applicable percentage ratios, thus qualifying as a discloseable transaction under Hong Kong Listing Rules. The acquisitions, aimed at increasing the company’s market share, were funded through internal resources and executed on the open market, with the counterparties believed to be independent third parties.

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