GMO Financial Holdings to sell Hong Kong FX subsidiary
GMO Financial Holdings, a consolidated subsidiary of GMO Internet Group, Inc., has decided to transfer all shares of its second-tier subsidiary, GMO-Z.com Forex HK Limited, to Remi Holding Group Limited. This strategic divestiture aims to focus resources on strengthening domestic operations and accelerating growth initiatives. The transaction involves 57,465,652 shares, representing 100% of GMO-Z.com Forex HK, which provides over-the-counter FX trading services in Hong Kong.
The transfer price for the shares will be equivalent to the net assets of GMO-Z.com Forex HK Limited at the time of transfer, plus HK$1 million. This transaction is pending approval for the change of shareholders from the Securities and Futures Commission of Hong Kong (SFC). The share transfer is scheduled for January 2026 or later, following SFC approval.
Remi Holding Group Limited, the acquiring entity, was established on January 21, 2025, with a share capital of $50,000. GMO-FH’s board of directors approved the share transfer on September 19, 2025, with the stock transfer agreement scheduled for September 22, 2025. GMO Internet Group expects the impact on its consolidated business results to be minimal.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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