IVD Medical to acquire 20% stake in GoFintech Quantum for HK$3.1bn

IVD Medical Holding Limited, through a wholly-owned subsidiary, has agreed to acquire 1,848,496,429 shares, representing approximately 20.31% of the issued share capital, in GoFintech Quantum Innovation Limited. The consideration for this acquisition totals approximately HK$3,142,443,930, to be satisfied by the allotment and issuance of 324,297,619 new shares at an issue price of HK$9.69 per share under a general mandate.

This acquisition is a discloseable transaction under Chapter 14 of the Listing Rules. The transaction aims to deepen capital synergy, enhance financial strength, and integrate resources across fintech and quantum computing, leveraging GoFintech Quantum's financial licenses and market position.

The transaction is conditional upon several factors, including regulatory approvals and the listing of consideration shares. Upon completion, the acquired shares will represent approximately 16.7% of IVD Medical's enlarged share capital, establishing it as a substantial shareholder in GoFintech Quantum.