The group said that upon completion of the deal, it will become the first listed firm with a multi-family office and an investment banking licence in the jurisdiction.
Hong Kong-listed DL Holdings Group has successfully acquired its family office. The purchased entity is called DL Family Office HK.
The group said in a statement yesterday that it will become the first listed company in Hong Kong to “link family offices, investment banks and alternative investments together.”
“Through the acquisition of the family office business, it will not only rapidly expand the group’s asset management business, scale and the scope of services, increase the number of ultra-high net worth clients, but also help to generate more profits,” the organisation said.
“It will facilitate the group’s wealth management and impact [the] investment pipeline in global markets, expand its business scope, and continue to expand its market share in the Asia-Pacific region,” it added.
“Upon the completion of the acquisition of DL Family Office HK, the group will become the first listed company with multi-family office business and investment banking licence in Hong Kong,” Andy Chen, chairman, executive director and CEO of DL Holdings, said.
The DL Family Office organisation, which was established in 2012, is based in Hong Kong, with offices in mainland China, Singapore and North America.