Dubai PR Network, Online Press Release from Dubai and Middle East
Filter PR by
Mr. Mark Chan, Chairman of Wisdomcome Group, satisfied the Offer to acquire Easy Repay
HONG KONG SAR - Media OutReach - 5 July 2022 - Best Richest Management Company Limited, a direct wholly and beneficially owned company of Mr. Mark Chan, Chairman of Wisdomcome Group (“Wisdomcome” or “the Group”), has received valid acceptances in approximately 16.00% of the entire issued share capital of Easy Repay Finance & Investment Limited (“Easy Repay”, stock code: 8079.HK). Together with the 34.24% equity interest acquired earlier, Mr. Mark Chan currently holds approximately 50.24% of the of the total issued share capital of the Company. Accordingly, the condition of the Offer has been satisfied and the Offer has become unconditional.

Easy Repay is principally engaged in the money lending business, retail and wholesale business. It has actively participated in money lending business for eight years and has built up a wide solid client base. It operates four “People's Market” retail shops which are located in Wanchai, Lai Chi Kok, Tai Po and Kowloon Bay and an online business for the sales of grocery products. Wisdomcome has extensive experience in operating retail businesses in health food, pharmaceutical products and pet food and supplies with substantial retail network in Hong Kong. The acquisition is expected to create synergetic effect which strengthens the Group's retail businesses in Hong Kong.


The issuer is solely responsible for the content of this announcement.

About Wisdomcome Group

Wisdomcome Group was founded by Mr. Mark Chan in Hong Kong in 2003. Its brands include Wisdomcome Real Estate, Wisdomcome Investment, and Petmacy, and its businesses include but are not limited to: 1) pet product research, manufacturing and distribution; 2) health care product research, manufacturing and distribution; and 3) property investment. Another well-known brand founded by Mr. Mark Chan is Royal Medic, which is a health care brand listed in Hong Kong with market capitalization at one stage exceeding HK$5.8 billion. He retired from this company in 2020 and has since ventured into the pet category and other businesses and investments.

#WisdomcomeGroup

Wisdomcome group

Posted by : Media Outreach, Jenny
Viewed 0 times
PR Category : Others
Posted on : Wednesday, July 6, 2022  11:00:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Media OutReach

Related Stories

 
 
Most Viewed Press Release posted in the last 7 days
Danube Home Signs Franchise Partnership with Hyvec Group to Enter Mauritius Market [5715-Views]
Experience a New Full-Board Summer Staycation at Lapita, Dubai Parks and Resorts [4920-Views]
Malabar Gold & Diamonds Associates with Nitol Niloy Group to Expand Operations into Bangla... [4875-Views]
Rock & Fly Jewelleries from Akillis [4670-Views]
Samsung Launches the Neo QLED 8K TV across Qatar, Kuwait, Oman and Bahrain [4047-Views]
Dubai Customs Holds Awareness & Entertainment Activities during DSS 2022 [4030-Views]
Look Your Sustainable Best This Summer with Springfield's Spring/Summer Collection [3579-Views]
Ahood Alenezi Is Announced as the Face of Djula [3448-Views]
Arab Bank Group Profits Grow by 38% to $252 Million for the First Half of 2022 [3235-Views]
Learn, Laugh and Play at Modesh World This Summer [3202-Views]
Chalo BurJuman Mall, Chalo Maldives [2743-Views]
How Sony is Transforming the Art and Technology of Listening [2722-Views]
Introducing fisio: Your Partnerin Recovery [2644-Views]
Fromage Friday at Le Gourmet in Galeries Lafayette [2554-Views]
Nucleus Research Positions Infor as a Leader in its 2022 Enterprise ERP and SMB ERP Techno... [2452-Views]
Jaguar Land Rover Prepares for Advanced Electrified and Connected Future with New Testing ... [2427-Views]
GCC Hospitality Industry to Witness Steady Growth after Sharp Post Pandemic Recovery, says... [2419-Views]
Al-Futtaim Automotive Reveals Strong H1 Results, Reflecting Continuing Rebound for Automot... [2403-Views]
Dubai Customs Discusses Furthering Trade Cooperation with South Korea [2312-Views]
June Air Cargo: Stable and Resilient [2288-Views]
Panasonic's New High-Performance Blender is Perfect for Making Your Summer Refreshingly He... [2251-Views]
LG Announces Second-Quarter 2022 Financial Results' [2230-Views]
Amlak Finance Announces H1 2022 Financial Results [2230-Views]
Etihad Airways Scales Up its Cargo Operations with Airbus New Generation A350F Freighter [2152-Views]
Emirates Steel Arkan Announces Q2 2022 Results [2144-Views]
 
RSS Facebook Twitter LinkedDin DubaiPRNetwork.com on Instagram
 
Top Sections
 
Top Stories