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AGBA Group Holding Limited (NASDAQ: AGBA) stands as a premier one-stop financial supermarket headquartered in Hong Kong. The company offers an extensive range of financial services and healthcare products, catering to the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-enabled ecosystem. Founded in 1993, AGBA has built a reputation for trust and reliability, serving over 400,000 individual and corporate clients.
AGBA operates through four main divisions:
- Platform Business: This division offers a comprehensive suite of financial, medical, and healthcare service options, supporting both individual and corporate clients.
- Distribution Business: AGBA's unique omnichannel platform, OnePlatform, connects clients with 90 insurance providers offering 1,152 insurance products and 53 fund houses offering 1,137 investment products.
- Healthcare Business: The company aims to transform Dr. Jones Fok & Associates Medical Scheme Management Limited (JFA) into Asia's leading medical care institution by 2025, leveraging cutting-edge customer care and data analytics.
- Fintech Business: AGBA offers advanced fintech solutions to enhance business productivity and compliance for financial advisors, brokers, and institutions.
Despite global economic challenges, AGBA has shown resilience and growth. The company reported a substantial increase in revenue for the first nine months of 2023, doubling its earnings compared to the same period in 2022. Recent strategic moves include a significant private placement offering and a planned merger with Triller Corp, a leading AI-driven social video platform. This merger, valued at approximately $4 billion, aims to create a powerhouse in digital media and financial services, leveraging both companies' strengths.
AGBA's growth strategy focuses on innovation, strategic partnerships, and expanding its market presence. The company is well-prepared for future opportunities, with a strong financial position and a dedicated management team. AGBA remains committed to maximizing shareholder value and driving sustainable growth.
For more information, visit www.agba.com
AGBA Acquisition Limited (NASDAQ: AGBA) announced that shareholders approved all proposals regarding its business combination with TAG Holdings Limited during a special meeting on November 9, 2022. A total of 3,339,229 shares were tendered for redemption, with a final redemption price set at $11.617 per share. Stockholders have the option to withdraw their redemption requests until 12:00 p.m. Eastern Time on November 11, 2022. AGBA aims to merge with businesses primarily in healthcare, education, entertainment, and financial services sectors in China.
AGBA Acquisition Limited has signed a business combination agreement with TAG Holdings Limited, including its subsidiaries. This deal values the Platform Businesses at US$555 million. AGBA plans to issue 55,500,000 ordinary shares at US$10.00 per share, with the combined entity expected to list on NASDAQ under the ticker AGBA. Post-combination, the company aims to have at least US$35 million net cash available. The strategic goal is to establish a leading personal wealth and health platform in the Greater Bay Area, leveraging existing infrastructure and technology.
AGBA Acquisition Limited (NASDAQ: AGBA) announced it received a notice from Nasdaq on May 21, 2021, for not complying with Listing Rule 5250(c)(1) due to the delayed filing of its Form 10-Q for the March 31, 2021 quarter. The notice has no immediate effect on trading. The company is evaluating impacts from a recent SEC statement on warrants and aims to file the Form 10-Q promptly to regain compliance. AGBA has until July 27, 2021, to submit a compliance plan, with a potential extension to November 22, 2021.
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