HKG:1572

2 stories mentioning HKG:1572Updated 30d ago

Every FINWIRES story that references HKG:1572, newest first.

China Art Financial Signs LOI for Potential Acquisition of Asset Manager

China Art Financial Holdings (HKG:1572) signed a non-binding letter of intent to acquire 100% of Sauder Global Investment Management.Sauder Global Investment Management conducts securities dealing, securities advisory and asset management businesses, according to a Thursday Hong Kong bourse filing.The parties are negotiating the terms of the proposed deal, and no binding agreement has been signed. China Art Financial will conduct due diligence on the target during the exclusivity period.

HKG:1572

Asia46d ago

China Art Financial Unit Enters Cooperation Contract to Enter Cultural Big Data Niche

China Art Financial (HKG:1572) unit Jingdong Holding (Shenzhen) entered into a cooperation agreement with Shenzhen Cultural Property Exchange (SCPEx), according to a Wednesday Hong Kong bourse filing.Under the contract, Jingdong Holding is authorized to provide agency trading, consulting, and other services within SCPEx's cultural big data application trading operation service center.Through the contract, the art financial integrated services company aims to generate revenue streams from its entry into the cultural big data sector.SCPEx, which is controlled and operated by Shenzhen Media Group, is a service platform for cultural property rights element trading and cultural industry investment and financing.

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