OCI International Holdings (HK:0329) has released an update.
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OCI International Holdings Limited, a company listed on the Stock Exchange of Hong Kong, has voluntarily announced a non-legally binding memorandum of understanding to potentially acquire a 60% stake in Starlight Asset Management Limited from Prize Perfection Limited. The prospective acquisition aims to enhance OCI’s asset management portfolio, as Starlight Asset Management is a licensed firm with over HK$2 billion in managed funds, serving corporate clients and high-net-worth individuals. During the three-month exclusivity period, the terms of this potential acquisition will be negotiated, with due diligence to be conducted before a formal equity acquisition agreement is finalized.
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