AGBA Confirms Self-Imposed Lockup Of Two Significant Shareholders
2023年10月4日 - 10:00PM
NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the
“Company”), the leading one-stop financial supermarket in Hong
Kong, confirms self-imposed lockup of all shares in AGBA held by
two significant shareholders.
Two significant stakeholders of AGBA, namely
AGBA Holdings Limited and Apex Twinkle Limited, whose shares were
registered on the Form S-1 effective as of August 28, 2023, have
represented that they will not sell their AGBA shares for the next
three months. These two shareholders collectively hold
approximately 7.11% of AGBA’s share capital. AGBA expresses its
appreciation for the ongoing support and commitment from these two
shareholders.
Please note that AGBA's majority shareholder,
TAG Holdings Limited (“TAG”), currently holds 55.5 million ordinary
shares of AGBA, representing an 82.3% stake in the Company. Since
the listing of AGBA in November 2022, TAG has not sold any of its
AGBA shares. TAG remains dedicated to supporting AGBA in delivering
long-term value to all of its shareholders.
Mr. Wing-Fai Ng, Group President of AGBA stated,
“We appreciate the continued belief of our largest shareholders in
AGBA’s ability to grow our revenues. We will continue to implement
our business plan accordingly, while making changes as needed, such
as recent aggressive cost cuts, to help us move forward. We will
also continue to try and build investor trust through our
commitment to the most stringent compliance processes and ensuring
that existing and potential future shareholders are kept up to date
on all our corporate developments.”
AGBA's vision extends beyond being a Hong
Kong-based Company as we strive to establish ourselves as a global
player in the financial services industry. The insider ownership,
combined with the recent appointment of industry veteran Bob
Diamond and our strategic partnership with Atlas Merchant Capital
LLC, position AGBA for long-term success and growth.
For more information on all recent corporate
structural updates on AGBA, please visit the official links
below: www.agba.com/ir.
# # #
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may," "will," "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the outcome of any
legal proceedings that may be instituted against us following the
consummation of the business combination; expectations regarding
our strategies and future financial performance, including its
future business plans or objectives, prospective performance and
opportunities and competitors, revenues, products, pricing,
operating expenses, market trends, liquidity, cash flows and uses
of cash, capital expenditures, and our ability to invest in growth
initiatives and pursue acquisition opportunities; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in Hong Kong and the international markets the Company
plans to serve and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the SEC, the length and severity of the recent coronavirus
outbreak, including its impacts across our business and operations.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company's
filings with the SEC, which are available for review at
www.sec.gov. The Company undertakes no obligation to publicly
revise these forward–looking statements to reflect events or
circumstances that arise after the date hereof.
About AGBA Group:
Established in 1993, AGBA Group Holding Limited
(NASDAQ: “AGBA”) is a leading one-stop financial supermarket based
in Hong Kong offering the broadest set of financial services and
healthcare products in the Guangdong-Hong Kong-Macao Greater Bay
Area (GBA) through a tech-led ecosystem, enabling clients to unlock
the choices that best suit their needs. Trusted by over 400,000
individual and corporate customers, the Group is organized into
four market-leading businesses: Platform Business, Distribution
Business, Healthcare Business, and Fintech Business.
For more information about AGBA, please
visit www.agba.com
Media and Investor Relations Contact:
Ms. Bethany Lai media@agba.com/ ir@agba.com +852 5529
4500 |
Social Media Channels: agbagroup
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