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DL Holdings to Invest USD 6.5mn in New Asset Management Company

21 Jan 2022
Source: Bloomberg 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.

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