SUPERACTIVE GP's subsidiary plans to sell all issued share capital of SUPERACTIVE Financial Group for HKD 300,000
SUPERACTIVE GP announced that it will sell all issued share capital of its wholly-owned subsidiary SUPERACTIVE FINANCIAL GROUP for HKD 300,000. The transaction is signed between Best Process Investments Limited as the seller and buyer Yu Minglong, and is expected to alleviate the group's cash flow pressure and terminate the negative impact of losses on the group's finances. SUPERACTIVE FINANCIAL GROUP is registered in Hong Kong and holds multiple financial service licenses, but has not conducted any business since its establishment
According to the Zhitong Finance APP, SUPERACTIVE GP (00176) announced that on April 3, 2025, the seller Best Process Investments Limited (a wholly-owned subsidiary of the company, as the seller) and the buyer Yu Minglong (as the buyer) entered into a sales agreement. The company conditionally agreed to sell, and the buyer conditionally agreed to purchase the sale shares (equivalent to the entire issued share capital of the selling company) for HKD 300,000.
The selling company, SUPERACTIVE FINANCIAL GROUP LIMITED, is a limited company registered in Hong Kong and is licensed under the Securities and Futures Ordinance to conduct regulated activities of Type 4 (advising on securities), Type 5 (advising on futures contracts), Type 6 (advising on corporate finance), and Type 9 (asset management). The selling company is an indirect wholly-owned subsidiary of the company. The selling company directly owns all the equity of First Chance Global and Superactive KS. Since their establishment, First Chance Global and Superactive KS have not engaged in any business activities.
The board of directors believes that the sale is beneficial to the group for the following reasons: it is anticipated that the selling company will require capital injection from the group to ensure compliance with the relevant provisions of the Securities and Futures Ordinance; the group is currently facing a cash flow shortage, and the sale can alleviate the pressure of cash flow tightness; and the regulated financial services business has been continuously operating at a loss. Upon completion of the sale, the group will be able to terminate the negative impact of the selling group's losses on the group's profit and loss
