HONG KONG, Sept. 22, 2016 /PRNewswire/ -- Following the announcement of new senior management on 8 September, 2016, Mason Financial Holdings Limited ("Mason Financial" or the "Company", stock code: 273:HK) announces today the introduction of Mr. Hui Wing Mau, JP, the founder and largest shareholder of Shimao Group - one of China's leading property developers - as a strategic investor in Mason Financial. Mr. Hui will acquire approximately 16.7% equity stake on a fully diluted basis in the Company for a total consideration of about HKD 737 million and become the second largest shareholder of Mason Financial. Furthermore, to improve corporate governance and strengthen its strategic ties with Shimao Group, Mason Financial announces the appointment of Ms. Hui Mei Mei, Carol, currently the Vice Chairman and President of Shimao International Holdings Limited and the daughter of Mr. Hui Wing Mau, as a non-executive director of the Board of Directors.
"The Board welcomes Mr. Hui as a strategic shareholder and Ms. Hui's appointment," said Mr. Alex Ko, Joint Chairman and CEO of Mason Financial. "Mr. Hui is a highly respected and successful businessman. His investment in Mason Financial is a vote of confidence towards Mason's management team and our business strategy to develop Mason Financial into a global financial conglomerate through organic growth and acquisitions."
"Supported by new capital from our strategic investor, we aim to accelerate the development of our financial service businesses in securities, direct investment, asset management, and wealth management," added Mr. Joel Chang, COO of Mason Financial. "We are actively seeking suitable acquisition targets in both Hong Kong and abroad to create a global asset aggregating platform. In particular, it is our vision to become the first local financial service company with the capability to allocate assets globally for Chinese institutional investors."
About Mason Financial Holdings Limited
Mason Financial Holdings Limited (273.HK), through its various subsidiaries, is principally engaged in dealing in securities, futures brokerage, bullion trading services, provision of securities margin financing, investment and corporate finance advisory, money lending and investment holding. In November 2015, the Company fully acquired from Guoco Group (00053.HK) Guoco Capital Limited, Guoco Capital Futures Limited and Guoco Capital Bullion Limited, which were subsequently renamed Mason Securities Limited, Mason Futures Limited and Mason Bullion Limited, respectively. Pursuing strategies such as mergers and acquisitions and strategic alliances, Mason Financial is set to reposition itself to become a competitive global financial conglomerate with strong performance.
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