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FINWIRES

Deep Source to Sell Financial Services Unit to Marex Group for About HK$1.3 Billion

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Deep Source (HKG:0990) said its five indirect subsidiaries entered into a share purchase agreement to sell the group's financial services businesses to Marex Group for an estimated consideration of HK$1.3 billion.

The disposal covers the sellers' entire interests in seven subsidiaries, including Bright Point International Futures, Bright Point International Digital Assets, Bright Point International Financial (UK), Bright Point International Financial (SG), Guang Dian, Majulah EP and MEP VCC, according to a Hong Kong bourse filing.

Upon completion, the companies will cease to be subsidiaries of Deep Source.

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