LONDON: Everest Global plc announced that on 08 April 2024 it entered into a share purchase agreement (SPA) with Giga Treasure Limited to acquire 33 per cent of the issued share capital of Ace Jumbo Ventures Limited for US$20,000 in cash.

Ace Jumbo Ventures is the parent company of Giga (Hong Kong) Limited, a company incorporated in Hong Kong which holds a licence to carry out the provision of advice on securities (Type 4 Licence) and a licence to carry out asset management related regulated activities (Type 9 Licence) under the Securities and Futures Ordinance in Hong Kong.

The Directors of the company believe that holding an interest in the Licences will help facilitate future fundraisings to be undertaken by the company from investors based in Hong Kong.

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