DL Holdings Group has signed a memorandum of understanding (MoU) regarding to the potential acquisition of the remaining stake in its affiliated company DL Family Office (HK).
This follows the acquisition of 45% stake of DL Family Office in January 2023.
The group will acquire the remaining 55% stake of DL Family Office at a valuation of no more than HK$500m (£50m, $64m, €58m). After the acquisition, DL Family Office will become a wholly owned subsidiary of the listed DL Holdings Group.
DL Family Office is permitted to carry out Type 4 regulated activity (advising on securities) and Type 9 regulated activity (asset management).
The two subsidiaries under DL Family Office, DL Emerald Wealth Management and DL Advisory, offer insurance, family structure advisory, taxation, education and healthcare and other family office services.