The AGBA/Triller merger was approved on April 16, 2024, by written consent of stockholders holding over 63% of Triller’s voting common stock.
Key Points:
- The AGBA/Triller merger was approved on April 16, 2024, by written consent of stockholders holding over 63% of Triller’s voting common stock.
- Triller also reported that on May 6, 2024, it withdrew the S-1 registration statement it had on file with the SEC for its prior proposed direct listing.
- Triller now fully focuses on pooling its resources and attention towards completing the proposed merger with AGBA within a short timetable.
- AGBA is making excellent progress in preparing its proxy statement regarding the proposed merger.
AGBA is thrilled to unveil its expansion plans, including the planned acquisition of Triller in the U.S. and the completion of the acquisition of Sony Life in Singapore.
Key Points:
- AGBA is thrilled to unveil its expansion plans, including the planned acquisition of Triller in the U.S. and the completion of the acquisition of Sony Life in Singapore.
- AGBA is actively pivoting its business to become a world-class tech/fintech-centric holding company, positioning itself to drive innovation and excellence in the industry.
- This sustained commitment to delivering results has solidified AGBA's market leadership, reaffirming its reputation as the go-to financial supermarket.
- Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited stated, “AGBA's expansion plans signify an exciting milestone in our journey towards becoming a global leader in the tech and fintech space.
At the same time, we work constantly testing and creating partnership and acquisition opportunities that would provide important long-term strategic advantages.
Key Points:
- At the same time, we work constantly testing and creating partnership and acquisition opportunities that would provide important long-term strategic advantages.
- The $4 billion merger of AGBA and Triller announced on April 18, is a direct result of such team efforts.
- Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited said “Creating shareholder value is not a throwaway line at AGBA.
- We are deeply grateful and highly energized by the overwhelmingly positive response to our $4 billion merger with Triller.
AGBA also has become aware of a similar press release issued by Halper Sadeh LLC (“HS”) on April 22, 2024.
Key Points:
- AGBA also has become aware of a similar press release issued by Halper Sadeh LLC (“HS”) on April 22, 2024.
- AGBA believes that the proposed merger with Triller Corp will create significant value for all shareholders.
- Given the rapidly changing landscape in the social media industry, AGBA is confident that Triller is well-positioned to capitalize on the unprecedented opportunities.
- The proposed merger represents a unique combination of social media and content, as well as fintech and healthtech, leveraging the AI capabilities of the combined group.
The Boards of Directors of Triller and AGBA have agreed to value the Combined Group (i.e.
Key Points:
- The Boards of Directors of Triller and AGBA have agreed to value the Combined Group (i.e.
- AGBA + Triller) at US$4.0 billion.
- Triller shareholders (including holders of Triller RSUs) will own 80% of the pro forma Combined Group representing a valuation of US$3,200 million (80% of US$4,000 million).
- For more details, please refer to the Company's Report on Form 8-K filed with the Securities and Exchange Commission on 18 April 2024.
Dolla,
Diamond,
Digital media,
Social media,
AI,
Pepsi,
Verizon Communications,
Security (finance),
Meta,
Software as a service,
Business,
Growth,
RIA,
Combat sport,
Artificiality,
Business analyst,
Natural language,
Nike,
Record,
Social selling,
LOS,
Athlete,
Registered investment adviser,
Pegasus,
Sony Music,
Triller,
Marketing,
Warner Music Group,
Universal Music Group,
TI,
Fortune 500,
Holding company AGBA stockholders will own 20% of the combined company, while Triller stockholders will own the remaining 80% of the combined company.
Key Points:
- AGBA stockholders will own 20% of the combined company, while Triller stockholders will own the remaining 80% of the combined company.
- The proposed business combination (the "Business Combination") will result in a valuation of the combined company at approximately $4 billion on a pro-forma basis.
- This groundbreaking merger combines AGBA's financial expertise with Triller's cutting-edge AI-driven content creation and SaaS capabilities, aiming to transform global digital ecosystems.
- AGBA is a leading Asia-based financial services company that serves over 400,000+ individual and corporate customers in Hong Kong.
HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”) the leading one-stop financial supermarket in Hong Kong released its financial results for the fourth quarter of 2023.
Key Points:
- HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”) the leading one-stop financial supermarket in Hong Kong released its financial results for the fourth quarter of 2023.
- The Company generated $48.9 million in commissions from its Distribution Business during the fourth quarter of 2023, which is double the figure generated during the same period in 2022.
- AGBA has thrived despite macroeconomic challenges, adapting its business model and positioning itself for continued growth.
- For more details, please refer to the company’s report on Form 10-K filed with the Securities and Exchange Commission on 28 March 2024.
Retrieved on:
Tuesday, February 27, 2024
As an open economy heavily reliant on tourism, exports, and financial markets, Hong Kong faced a difficult year.
Key Points:
- As an open economy heavily reliant on tourism, exports, and financial markets, Hong Kong faced a difficult year.
- However, there are now emerging signs of a recovery in the macro environment for both China and Hong Kong.
- AGBA Group Holding Limited (“AGBA” or the “Company”), the leading one-stop financial supermarket in Hong Kong, is strategically positioned to capitalize on Hong Kong's return to growth.
- Mr. Wing-Fai Ng, Group President, AGBA Group Holding Limited said “We have actively adapted to the changing landscape and taken bold steps to position ourselves for growth.
Retrieved on:
Thursday, February 15, 2024
The successful completion of the private placement is a significant milestone for AGBA.
Key Points:
- The successful completion of the private placement is a significant milestone for AGBA.
- This demonstrates the trust and confidence that both external investors and our Management have in our company's franchise strength and growth potential.
- The private placement was particularly noteworthy as it was executed at a price significantly above the market price of AGBA ordinary shares.
- Mr. Wing-Fai Ng, Group President, AGBA Group Holding Limited said “The successful completion of our private placement is an accomplishment that speaks volumes about the strength and potential of our business.
Retrieved on:
Tuesday, November 14, 2023
HONG KONG, Nov. 14, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”) the leading one-stop financial supermarket in Hong Kong released its financial results for its third quarter ended September 30, 2023.
Key Points:
- HONG KONG, Nov. 14, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”) the leading one-stop financial supermarket in Hong Kong released its financial results for its third quarter ended September 30, 2023.
- Revenues for the third quarter of 2023 were approximately flat compared to revenues for the third quarter of 2022.
- During the third quarter of 2023, the company expanded its platform by introducing new products and supporting services for its financial consultants and end-customers.
- Mr. Wing-Fai Ng, Group President of AGBA Group Holding Limited stated, “We are optimistic that our dedicated efforts will continue to provide momentum to successfully close out 2023 and continue our upward trajectory in 2024.