---
title: "FW HOLDINGS plans to acquire all equity and shareholder loans of Aspire Holding"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229915682.md"
description: "FW HOLDINGS announced plans to acquire all equity and shareholder loans of Aspire Holding for a total consideration of HKD 27.738 million. The transaction will be completed through the issuance of 23 million consideration shares and promissory notes. After the acquisition, Aspire Holding will become a wholly-owned subsidiary, and the board believes this move will enhance property management services and expand property investment opportunities in Shenzhen, benefiting from favorable policies in the Chinese real estate market"
datetime: "2025-02-27T12:45:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229915682.md)
  - [en](https://longbridge.com/en/news/229915682.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229915682.md)
---

# FW HOLDINGS plans to acquire all equity and shareholder loans of Aspire Holding

According to the Zhitong Finance APP, FW HOLDINGS (00572) announced that on February 27, 2025, the company entered into a sales agreement with the seller, Mr. Xian Liwen. The company conditionally agreed to acquire and assume, while the seller conditionally agreed to sell and transfer all equity and shareholder loans of Aspire Holding, for a consideration of HKD 1.142 million and HKD 26.596 million, respectively.

The total consideration of HKD 27.738 million will be settled by the company issuing and allotting 23 million consideration shares to the seller at an issue price of HKD 0.52 per share, amounting to HKD 11.96 million; and issuing a promissory note with a principal amount of HKD 15.778 million to the seller (or its designated entity) to settle the remaining HKD 15.778 million.

Upon completion, Aspire Holding will become a wholly-owned subsidiary of the company.

As of the date of this announcement, the target group owns and manages multiple properties in China. The directors believe that the acquisition will enhance the group's property management services and expand investment opportunities in the group's property portfolio in Shenzhen. Considering the favorable policies introduced in China from September 2024, including reduced down payment ratios and mortgage rate support for the real estate market, as well as the expected easing of home purchase restrictions and reduction of the minimum down payment ratio for first-time homebuyers in first-tier cities like Shenzhen, the directors believe that the group can benefit from the long-term potential appreciation of the properties held by the target company

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