DL Holdings to Invest USD 6.5mn in New Asset Management Company
On 20 January 2022, DL Holdings Group Limited (“DL Holdings” or the “Company” and its subsidiaries (together, the “Group”), Stock Code: 1709) entered into a strategic investment agreement with Atlas Multi-assets Capital Holdings Limited. According to the agreement, DL Holdings intends to subscribe to the issued shares of Atlas Multi-assets. The total consideration is expected to be up to USD 6.5 million for about 38% of total issued shares of the target company on a fully-diluted basis. The preliminary post-money valuation is USD 20 million.