DL Holdings acquires full control of DL Family Office for HK$220m
DL Holdings Group Limited has announced the acquisition of the remaining 55% stake in DL Family Office (HK) Limited, making it a wholly-owned subsidiary for HK$220 million. This follows DL Holdings’ successful acquisition of a 45% stake earlier this year. With this latest strategic move, DL Holdings has emerged as a prominent player in Hong Kong’s asset management and financial services industry, focusing primarily on multi-family office services.
The acquisition deal of HK$220 million will be financed through a mix of cash and promissory notes—HK$70 million in cash and HK$150 million in promissory notes. This financial structure ensures that DL Holdings will face no cash flow constraints, maintaining the company’s strong financial position and stability. Andy Chen, Chairman of DL Holdings, said, “Three compelling factors underpin our swift move. Firstly, DL Family Office’s exceptional track record and esteemed industry reputation significantly bolster and elevate our listed group’s standing within the industry.
Secondly, the full integration of the family office business into our parent company is expected to yield a substantial increase in our management scale, client base, revenue, and profits. Thirdly, the family office business will seamlessly synergize with our existing securities, asset management, real estate, and research institute divisions, enhancing DL’s internal dynamics, reducing communication barriers, and elevating service standards for both family and corporate clients.”
Throughout the year, DL Holdings has engaged in various strategic initiatives to strengthen its asset management and financial services platform. In May, the company entered into a strategic cooperation agreement with Soochow Securities (Hong Kong). In August, DL Holdings revealed its investment in a new integrated commercial tower in Central, named the “DL Tower.” More recently, the establishment of the “DL Institute for New Economic Research” was announced.
Amid global economic uncertainties, DL Holdings adheres to a philosophy of “seizing every crisis opportunity, maintaining sensitivity and vigilance.” With a long-term perspective, DL Holdings continues to explore opportunities in investments, mergers, acquisitions, and strategic collaborations worldwide. The company is committed to becoming a premier asset management platform serving its family and corporate clients.