Win Wind Capital Acquires Smart Jump for USD167m

Win Wind is a subsidiary of Hong Kong-listed Enerchina Holdings Ltd

Investment holding firm Win Wind Capital Limited has agreed to acquire Smart Jump Corporation, a company incorporated in the Republic of Marshall Islands and a wholly owned subsidiary of Freeman Financial Investment Corporation, for HKD1.295 billion (USD167m).

In a disclosure to the Hong Kong Stock Exchange, Win Wind’s mother company, Enerchina Holdings Ltd, said both Win Wind and Freeman Financial have agreed to the major acquisition, which will be settled by the zero-coupon promissory note and the promissory notes.

The Consideration represents a premium of approximately 52.05% to the unaudited
consolidated net assets of Smart Jump Corporation as at 31 March, 2016 of approximately
HK$851,691,000.

Smart Jump principally engages in the financial services sector, including investment
holdings, provision of securities brokerage services, placing and underwriting services,
corporate finance advisory; proprietary trading and investment of securities; provision of
margin financing, money lending services, and investment advisory and management
services.

Read full disclosure hereĀ 

 

[For the latest Financial and Business news in the Philippines, read FinancialNews.ph]

LEAVE A REPLY