---
title: "FW HOLDINGS has completed the acquisition of all shares of Aspire Holding"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/234045956.md"
description: "FW HOLDINGS has completed the acquisition of 100% equity in Aspire Holding, with all conditions precedent met. The transaction will be implemented on April 1, 2025. Aspire Holding will become a wholly-owned subsidiary of the company, and its financial performance, assets, and liabilities will be consolidated into the group's financial statements. The total consideration for the transaction is HKD 27.738 million, including the issuance of 23 million consideration shares at HKD 0.52 per share and the issuance of acceptance notes amounting to HKD 15.778 million"
datetime: "2025-04-01T11:07:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/234045956.md)
  - [en](https://longbridge.com/en/news/234045956.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/234045956.md)
---

# FW HOLDINGS has completed the acquisition of all shares of Aspire Holding

According to the announcement from FW HOLDINGS (00572), all conditions precedent under the sale and purchase agreement have been fulfilled, and completion will be implemented on April 1, 2025, in accordance with the terms and conditions of the sale and purchase agreement. Upon completion, Aspire Holding will become a direct wholly-owned subsidiary of the company. Therefore, the financial performance, assets, and liabilities of the target group will be consolidated into the group's consolidated financial statements.

According to the sale and purchase agreement, a total consideration of HKD 27.738 million will be settled by the company after completion (1) by issuing and allotting 23 million consideration shares at an issue price of HKD 0.52 per share to the seller to settle HKD 11.96 million; and (2) by issuing a promissory note with a principal amount of HKD 15.778 million to the seller to settle the remaining HKD 15.778 million.

The company will issue a promissory note with a principal amount of HKD 15.778 million to the seller on April 1, 2025, to pay the consideration of HKD 15.778 million

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