HONG KONG SAR

AGBA/Triller $4bn Merger: Excellent Progress Ahead of Plan

Retrieved on:

星期二, 五月 21, 2024

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 Solidifies Market Leadership with Expansion Plans and Focus on Tech/Fintech Innovation

Retrieved on:

星期三, 五月 15, 2024

Security (finance), Internet, Form 10-K, Investment, Ecosystem, Sony Life, Sport, Acquisition, Management

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.

Empowering Shareholders: AGBA's US$4b Merger with Triller Ushers in New Era of Value Creation

Retrieved on:

星期一, 五月 6, 2024

Triller, 8-K, Security (finance), Partnership, Acquisition, Organization

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.

Winner of Hong Kong's Flagship Global Elevator Pitch Competition Crowned

Retrieved on:

星期五, 四月 26, 2024

Circular economy battery startup tozero GmbH walks away with the title of overall champion of the EPiC 2024

Key Points:

The Grand Finale saw all semi-finalists being propelled up to the sky100 venue at the top of the International Commerce Centre in West Kowloon, re-creating a real-life 60-second elevator pitch experience.
Ms. Sarah Fleischer from tozero GmbH, overall champion and MobilityTech winner at EPiC 2024.
Ltd. from Singapore being named as the FinTech category winner, while Roboticplus.AI from Mainland China named the PropTech winner and tozero GmbH from Germany crowned the MobilityTech winner.
With Hong Kong as a connector, we can bring Mainland China's technology to Europe, the Middle East, and overseas."

AGBA Stands Firm: The AGBA-Triller Merger is Value-Enhancing to All Stakeholders

Retrieved on:

星期四, 四月 25, 2024

Triller, Fintech, Social media, HS, AI

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.

AGBA/TRILLER $4 billion MERGER: ELEVATING SHAREHOLDER VALUE TO NEW HEIGHTS - IMMEDIATELY AND FOR THE LONG TERM

Retrieved on:

星期五, 四月 19, 2024

Mergers and acquisitions, Security (finance), Artificiality, Domestication, 8-K, Transaction, Triller

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.

AGBA and Triller Merge to Create a $4 Billion Powerhouse, Unleashing a Game-Changing Power in Digital Content and Financial Services

Retrieved on:

星期四, 四月 18, 2024

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.

AGBA Announces Fourth Quarter 2023 Earnings, Amid Challenging Macro Environment.

Retrieved on:

星期四, 三月 28, 2024

GBA, Growth, Platform, Form 10-K, Security (finance), Insurance, Chinese New Year, Film industry

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.

AGBA Group is Positioned For Hong Kong's Rebounding Macro Environment with Business Refinements and Growth Strategies

Retrieved on:

星期二, 二月 27, 2024

GBA, Tourism, Growth, Chinese New Year

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.

AGBA Celebrates Major Milestone with Successful Completion of Private Placement at a Premium to Market Price

Retrieved on:

星期四, 二月 15, 2024

PIPE, Security (finance), Trust, Warrant

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.