BEIJING, Aug. 7, 2020 /PRNewswire/ — AGM Group Holdings Inc. (“AGMH” or the “Firm”) (NASDAQ: AGMH), an software software program firm offering accounting and ERP software program, fintech software program, and buying and selling schooling software program and web site service, is happy to introduced that by means of its wholly-owned subsidiary, AGM Expertise Restricted (“AGM Expertise”), the Firm has entered right into a letter of intent (“LOI”) on August 7, 2020, with the shareholders of Protected Gold Monetary Holdings Restricted (“Protected Gold”) to amass 100 % fairness curiosity in Protected Gold and its wholly owned subsidiary Protected Gold Securities and Futures Restricted (“Protected Gold SF”).
Protected Gold is a Hong Kong-based monetary companies firm which, by means of its wholly-owned subsidiary Protected Gold SF, holds Hong Kong Monetary Companies Licenses Kind 1 (Dealing of Securities), Kind 2 (Dealing in Futures Contracts), Kind 4 (Promoting on Securities), Kind 5 (Promoting on Futures Contracts), and Kind 9 (Asset Administration). Protected Gold can be a participant and buying and selling proper holder of each HKEX and HKFE.
Pursuant to the LOI, the overall consideration of the proposed all-cash transaction is ready to equal the mixed internet asset value for Protected Gold and Protected Gold SF as of June 30, 2020, plus a premium of HK$8.5 million, deducting a due from shareholders of HK$14 million, topic to sure changes and definitive agreements on the closing.
About AGM Group Holdings Inc.
Integrated in April 2015 and headquartered in Beijing, China, AGM Group Holdings Inc. is an software software program firm, presently conducting three principal enterprise: 1) accounting and ERP software program, 2) fintech software program, and three) buying and selling schooling software program and web site service. For extra data, please go to www.agmprime.com.
Ahead Trying Statements
This information launch incorporates “forward-looking statements” throughout the that means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, and as outlined within the U.S. Non-public Securities Litigation Reform Act of 1995. These forward-looking statements will be recognized by terminology reminiscent of “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and comparable statements. All statements aside from statements of historic reality on this press launch are forward-looking statements and contain sure dangers and uncertainties that would trigger precise outcomes to vary materially from these within the forward-looking statements. These forward-looking statements are based mostly on administration’s present expectations, assumptions, estimates and projections concerning the Firm and the trade during which the Firm operates, however contain plenty of unknown dangers and uncertainties, Additional data relating to these and different dangers is included within the Firm’s filings with the U.S. Securities and Alternate Fee. The Firm undertakes no obligation to replace forward-looking statements to replicate subsequent occurring occasions or circumstances, or modifications in its expectations, besides as may be required by legislation. Though the Firm believes that the expectations expressed in these forward-looking statements are affordable, it can’t guarantee you that such expectations will grow to be right, and precise outcomes may differ materially from the anticipated outcomes. You might be urged to contemplate these elements fastidiously in evaluating the forward-looking statements contained herein and are cautioned to not place undue reliance on such forward-looking statements, that are certified of their entirety by these cautionary statements.
For extra data, please contact:
On the Firm:
E-mail: [email protected]
Tony Tian, CFA
Weitian Group LLC
E-mail: [email protected]
SOURCE AGM Group Holdings Inc.