Empowering Shareholders: AGBA's US$4b Merger with Triller Ushers in New Era of Value Creation
2024年5月6日 - 10:00PM
NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company”
or the “Group”), the leading one-stop financial supermarket in Hong
Kong reaffirms its unwavering dedication to creating shareholder
value through a collaborative team effort and strategic
initiatives. Since going public via a SPAC in November 2023, AGBA's
team of over 1,500+ employees has worked tirelessly everyday in
delivering steady growth persistently quarter after quarter
maintaining our market leadership.
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. AGBA’s shares have traded well.
As a result, we are pleased that AGBA has been informed by The
Nasdaq Stock Market LLC ("Nasdaq") that it has regained compliance
with the minimum bid price requirement under Nasdaq Listing Rule
5550(a)(2) (the "Rule") for continued listing.
Our teams have wasted no time in joining forces
and collaborating closely across all areas of operations and
planning. The integration efforts are well underway, leveraging the
expertise and synergies of both organizations to drive enhanced
stakeholder value. As we progress through the integration and
regulatory approval process, our teams remain motivated and
confident in the merger's potential to unlock new growth
opportunities and deliver enhanced value to our stakeholders.
Mr. Wing-Fai Ng, Group President of AGBA
Group Holding Limited said “Creating shareholder value is
not a throwaway line at AGBA. We single-mindedly focus on
it. Our colleagues and I are proud shareholders in our
exceptional company. We are deeply grateful and highly energized by
the overwhelmingly positive response to our $4 billion merger with
Triller. We are all excited about working non-stop to seize
this 'once-in-a-generation' opportunity.”
For more details, please refer to the company’s
report on Form 8-K filed with the Securities and Exchange
Commission on 6 May 2024.
# # #
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
Investor Relations and Media
Contact:
Ms. Bethany Laimedia@agba.com/ ir@agba.com+852 5529 4500 |
Social Media
Channels:agbagroupLinkedIn | X | Instagram | Facebook | YouTube |
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.
Triller (NASDAQ:ILLR)
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Triller (NASDAQ:ILLR)
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