NASDAQlisted Wealth And Health Firm, AGBA Group Holding Limited To Acquire Sony Life Financial Advisers Pte Ltd In Singapore

NASDAQlisted Wealth And Health Firm, AGBA Group Holding Limited To Acquire Sony Life Financial Advisers Pte Ltd In Singapore
  • AGBA Group today signs an agreement to acquire Singapore-based Sony Life Financial Advisers Pte Ltd

  • The acquisition is an important milestone for AGBA's business and its expansion beyond the Greater Bay Area into Southeast Asia.

HONG KONG AND SINGAPORE , April 5, 2023 /PRNewswire/ -- Nasdaq-listed AGBA Group Holding Limited "AGBA" announced today that it has entered into a purchase agreement dated April 5, 2023 to acquire Sony Life Financial Advisers Pt. Ltd, a duly licensed financial adviser and insurance broker in Singapore . AGBA, together with its subsidiary AGBA Group, is a leading financial supermarket headquartered in Hong Kong .

Trusted by more than 400,000 individual and corporate customers, AGBA Group offers the broadest range of financial services and healthcare products in the Greater Bay Area of ​​China . The AGBA Group has a unique group of complementary companies that combine market leaders with emerging business models. It serves a large captive client base while unleashing growth by offering innovative new healthcare and wealth management products and services through diverse B2B and B2C distribution channels.

The recent acquisition marks an important milestone for AGBA; Profitable for insurance and fintech companies and expands access to key markets in Asia . While AGBA is primarily focused on China's Greater Bay Area, Singapore was chosen for expansion due to the island nation's prestige and reputation as a global hub for innovation, business and finance. With the 10th highest median income in the country, Singapore is known for having one of the highest savings rates in the world.

Singapore is also home to one of the largest and fastest growing wealth management and family office centers in the world. AGBA is confident that state-of-the-art wealth management technology and infrastructure will provide the industry with attractive suites of solutions over the long term.

Yoshiki Moriyama, Managing Director and CEO of Sony Life Financial Advisers Pte Ltd said:

“We are confident that AGBA has the skills, resources and commitment to take SLFA to new heights. We will work with AGBA to obtain regulatory and other approvals. In the meantime, SLFA will continue to deliver the high standard of service as a customer.” Once the approvals are in place, Sony Life and AGBA are committed to ensuring a smooth and orderly transition. This agreement is good news for everyone involved. We are committed to supporting AGBA and ensuring SLFA is well positioned for success. "

Wing -Fai Ng , chairman of AGBA Group Holding Limited , said Southeast Asia plays a key role in the development of financial services markets outside the Greater Bay Area.

"Given its strategic geographical location and position as a global hub for innovation and finance, Singapore in particular has great potential for this," said Ng. "As a company, AGBA will continue to leverage our existing infrastructure, business partners and large user base to enhance customer experiences through technology." Ng added that AGBA will strengthen its competitive advantages in attracting and funding new customers and partners.

"The acquisition of Sony Financial Advisers is a win-win for both companies as our businesses are similar and our products complement each other," said Ng. "We believe the recent acquisition of Sony Life Financial Advisers in Singapore will bring new prospects and promising business opportunities, particularly in the Southeast Asia region."

About Sony Financial Advisors:

Sony Financial Advisers is a Singapore-based, fully licensed insurance and financial advisory broker established in 2017 that has grown into a premium retail financial services company, serving the protection of wealthy retail clients (including Japanese residents in Singapore and real estate). and investment needs.

About the AGBA Group:

Established in 1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a Hong Kong-headquartered one-stop financial supermarket offering the widest range of financial services and healthcare products in the Guangdong Bay-Hong Kong-Macau metropolitan area . (GBA) enables customers to get the options that best suit their needs through a technology-driven ecosystem. Recognized by more than 400,000 retail and corporate clients, the group is divided into four market-leading businesses: Platform Business, Distribution Business, Healthcare and FinTech Business.

Safe Harbor Statement:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include plans, objectives, strategies, statements of future events or performance, key assumptions and other statements. Historical factual data. Where the AGBA uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate” or similar expressions, Date Fact – Search for data on topics. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that could cause actual results to differ materially from AGBA's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including but not limited to: AGBA's objectives and strategies; the future business development of AGBA; order and accept products and services; technological changes, economic conditions; the outcome of any legal proceedings that may be brought against us after the closing of the business combination; Monitor your future business plans or goals, performance, potential capabilities and ability, competitors, revenue, products, prices, operating expenses, market trends, liquidity, cash flow and uses, capital expenditures, investment and acquisition opportunities in growth initiatives; reputation and brand; The effect of competition and prices. government restrictions; Fluctuations in general business and economic conditions in Hong Kong and international markets (including but not limited to Singapore ) that AGBA expects to service and assumptions based on or related to the above, AGBA's filings with the SEC regarding other risks contained in its documentation, the extent and severity of the recent coronavirus outbreak, including the impact on our business and operations. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Additional factors are discussed in AGBA's filings with the SEC available for inspection at www.sec.gov. AGBA undertakes no obligation to expressly revise these forward-looking statements to reflect events or circumstances after the date of this release.

For more information on AGBA, visit www.agba.com

Social Media Channels:

tape

LinkedIn | Twitter | Instagram | Facebook | youtube

For downloadable media, see original content: https://www.prnewswire.com/apac/news-releases/nasdaq-listed-wealth-and-health-firm-agba-group-holding-limited-to-acquire-sony-life -financial advisor-pte-ltd-in-singapore-301790880.html

SOURCE AGBA Group Holding Ltd

AGBA News Price and Volume Analysis AGBA $ AGBA Stock Analysis Latest News TickerDD AGBA PO

Tidak ada komentar untuk "NASDAQlisted Wealth And Health Firm, AGBA Group Holding Limited To Acquire Sony Life Financial Advisers Pte Ltd In Singapore"