Digital Mind Investments Enters Joint Venture with HKFA, Retains 40% Stake

Reuters
01 Jul
Digital Mind Investments Enters Joint Venture with HKFA, Retains 40% Stake

Digital Mind Investments Limited, a wholly-owned subsidiary of Daisho Microline Holdings Limited, has entered into a Shareholders' Agreement with HKFA Clearing Limited and a joint venture (JV), following the trading hours of the Stock Exchange. Under the terms of this agreement, Digital Mind will hold a 40% stake in the JV, while HKFA will hold 60%. The JV is set to become the general partner of an SP Fund, although it will not be consolidated into Daisho Microline Holdings' financial statements as it will not be a subsidiary of the Company. This strategic move aligns with Daisho Microline Holdings' principal activity of investment holding, as it expands its business operations through its subsidiary.

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