The Monetary Authority of Hong Kong approves Acrophyte, owned by Tang Yigang, to acquire New Trust Management Company | Lianhe Zaobao
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Acrophyte Asset Management, controlled by wealthy businessman Tang Yigang, has obtained approval from the Financial Management Bureau to acquire 100% of the equity of ESR Group's New Daxin Trust Management Company, expected to be completed on March 17. The acquisition involves HKD 190 million, with Acrophyte reaching an agreement with ESR Trust Management on December 16, 2025. Tang Yigang and his affiliates hold approximately 35.7% of the equity in New Daxin Trust, while ESR Group holds about 10.8% of the equity
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