Astor Capital in Acquisitions Talks with Sunwah Kingsway Capital Holdings
KOWLOON, Hong Kong - March 10, 2020 - PRLog -- Astor Capital is moving full-bore toward acquiring more broker-dealer firms in Hong Kong and Shenzhen. As is expected, the financial giant is planning to expand throughout Europe as well.
Astor Capital Fund has expressed interest in acquiring several broker dealer security firms including one, Sunwah Kingsway Capital Holdings, which is among only one of the potential acquisitions on the list. The multi-entity acquisition deal is thought to be in the US$75 million dollar range, and would certainly make the banking fund more competitive, both domestically and worldwide.
The move would convert a group of broker-dealer firms into a cluster of Astor-owned global subsidiaries and would support Astor Capital Fund's already deep-rooted foothold in Europe and Asia. The expansion plans, at least if carried out to completion, would edge close to, or perhaps best J.P. Morgan Chase, in terms of making the Fund one of the biggest players in Hong Kong and Shenzhen by the year 2025.
However, there still are several issues to be worked out and acquisition talks can culminate in nothing if all parties cannot agree to finalize terms.
Company execs in Hong King, have said, that talks have begun, and when the ink is dry, the final numbers could exceed a staggering US$100 million dollar Astor Capital Acquisition, strengthening its roots in Hong Kong and Shenzhen significantly.
Having expanded their technology and sustainability platforms throughout Europe and Asia at the end of last year, the move toward global banking and BD acquisitions, is only natural for the asset management institution.
More at Astor Capital Fund.