Future FinTech acquires Alpha International Securities for ~$2M; HKSFC approval pending

Future FinTech Group Inc.

Total purchase price HK$15,659,949 (~$2,007,686) for all shares of Alpha HK and Alpha SZ.
50% paid within 5 days of signing; remaining 50% due after HKSFC approval by Dec 31, 2023.
Alpha HK holds Type 1, 2, 4 licenses; has over 60,000 accounts and underwritten 29 HK IPOs since 2020.
Director Ying Li is minority shareholder of Alpha International, parent of seller; transaction is related party.
Acquisition expected to synergize with existing asset management subsidiary NTAM and expand fintech platform.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Future FinTech Group Inc. entered into Share Transfer Agreement with Alpha Financial Limited valued at HK$15,659,949 (approximately $2,007,686) (effective 2023-02-27).

Action: entry
Agreement: asset purchase
Counterparty: Alpha Financial Limited
Value: HK$15,659,949 (approximately $2,007,686)
Effective: 2023-02-27

Exact text from the filing

ntered into a Share Transfer Agreement (the “Agreement”) with Alpha Financial Limited, a company incorporated in Hong Kong

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273 material agreements filed in the last 30 days. Browse all material agreements →

Future FinTech Group Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-015869

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