reports
AGBA Solidifies Market Leadership with Expansion Plans and Focus on Te...
AGBA Solidifies Market Leadership with Expansion Plans and Focus on Tech/Fintech Innovation LOS ANGELES, May 15, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), the leading one-stop financial supermarket in Hong Kong released its financial results for the first quarter of 2024. AGBA is thrilled to unveil its expansion plans, including the planned acquisition of Triller in the U.S. and the completion of the acquisition of Sony Life in Singapore. The Company is in the acquisition process with Triller and eagerly anticipates a...
Empowering Shareholders: AGBA's US$4b Merger with Triller Ushers in Ne...
Empowering Shareholders: AGBA's US$4b Merger with Triller Ushers in New Era of Value Creation LOS ANGELES, May 06, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), the leading one-stop financial supermarket in Hong Kong reaffirms its unwavering dedication to creating shareholder value through a collaborative team effort and strategic initiatives. Since going public via a SPAC in November 2023, AGBA's team of over 1,500+ employees has worked tirelessly everyday in delivering steady growth persistently quarter after quarter mainta...
Building a Digital Economy Titan: AGBA and Triller Combine in $4 Bill...
Building a Digital Economy Titan: AGBA and Triller Combine in $4 Billion Merger LOS ANGELES, April 30, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company” or the “Group”), previously announced that on April 16, 2024, it entered into a definitive merger agreement (the “Merger Agreement”) to combine AGBA with Triller Corp. (“Triller”), a leading Artificial Intelligence-driven social video platform (together, the “Merger” or the “Transaction”). Together, this merger represents the next step in AGBA and Triller’s collective strategic visions in the dig...
Edison issues outlook on AGBA Group Holding (AGBA): A transformational...
Edison Investment Research Limited Edison issues outlook on AGBA Group Holding (AGBA): A transformational deal 26-Apr-2024 / 13:11 GMT/BST The issuer is solely responsible for the content of this announcement. London, UK, 26 April 2024 Edison issues outlook on AGBA Group Holding (AGBA): A transformational deal On 18 April, AGBA, announced a surprise deal to acquire 100% of Triller Corp, a global AI-driven social video platform, in an all-stock transaction. Triller is privately-owned but has been independently valued at US$3.2bn. AGBA’s management is using a US$4bn valuati...
- Richard Williamson
AGBA - A transformational deal
On 18 April, AGBA announced a surprise deal to acquire 100% of Triller Corp, a global AI-driven social video platform, in an all-stock transaction. Triller is privately-owned but has been independently valued at US$3.2bn. AGBA’s management is using a US$4bn valuation for the combined entity, in which AGBA shareholders will own 20% and Triller shareholders 80%. Triller recorded FY23 revenues of US$45m on 450m user accounts and 2.2m creators but is loss-making. In FY23, AGBA reported revenues of U...
AGBA Stands Firm: The AGBA-Triller Merger is Value-Enhancing to All St...
AGBA Stands Firm: The AGBA-Triller Merger is Value-Enhancing to All Stakeholders LOS ANGELES, April 25, 2024 (GLOBE NEWSWIRE) -- AGBA Group Holding Limited (NASDAQ: AGBA) has become aware of a press release issued by Brodsky & Smith (“BS”) on April 23, 2024 which claims that BS is conducting an “investigation” of AGBA in connection with its signing of a merger agreement with Triller Corp. that was announced on April 18, 2024. AGBA also has become aware of a similar press release issued by Halper Sadeh LLC (“HS”) on April 22, 2024. AGBA wishes to emphasize that the statements in the BS an...
AGBA/TRILLER $4 billion MERGER: ELEVATING SHAREHOLDER VALUE TO NEW HEI...
AGBA/TRILLER $4 billion MERGER: ELEVATING SHAREHOLDER VALUE TO NEW HEIGHTS - IMMEDIATELY AND FOR THE LONG TERM LOS ANGELES, April 19, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA”), has previously announced that on April 16, 2024, it had entered into a definitive merger agreement (the “Merger Agreement”) to combine AGBA with Triller Corp. (“Triller”), a leading Artificial Intelligence-driven social video platform (together, the “Merger” or the “Transaction”). Upon completion of the Transaction, AGBA will become a Delaware corporation that wholly owns Triller,...
AGBA and Triller Merge to Create a $4 Billion Powerhouse, Unleashing a...
AGBA and Triller Merge to Create a $4 Billion Powerhouse, Unleashing a Game-Changing Power in Digital Content and Financial Services Transaction expected to value the combination of AGBA and Triller at approximately $4 billion.Majority shareholder support already obtained from both AGBA and Triller.At closing, Triller will be a wholly-owned subsidiary of AGBA.AGBA stockholders will own 20% of the combined company, while Triller stockholders will own the remaining 80% of the combined company. LOS ANGELES, April 18, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited...
AGBA Announces Fourth Quarter 2023 Earnings, Amid Challenging Macro En...
AGBA Announces Fourth Quarter 2023 Earnings, Amid Challenging Macro Environment. HONG KONG, March 28, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”) the leading one-stop financial supermarket in Hong Kong released its financial results for the fourth quarter of 2023. The Company generated $48.9 million in commissions from its Distribution Business during the fourth quarter of 2023, which is double the figure generated during the same period in 2022. This substantial improvement reflects the company's progress. However, the company believe...
- Richard Williamson
AGBA - US$5m placement at a premium
On 15 February AGBA announced term sheets have been executed on a US$5.1m private placement of ordinary shares plus warrants to an institutional investor and AGBA’s group president and management. The terms are similar to the announcement made at the Q323 results with the shares priced at US$0.70 per share, a 62% premium to the previous day’s closing share price. The significant premium signals management’s confidence in AGBA’s long-term value, with group president Mr Wing-Fai Ng taking up 53% o...
AGBA Group is Positioned For Hong Kong's Rebounding Macro Environment ...
AGBA Group is Positioned For Hong Kong's Rebounding Macro Environment with Business Refinements and Growth Strategies HONG KONG, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The year 2023 posed significant macro-economic challenges for Hong Kong and China, particularly in relation to the Chinese real estate and financial markets. As an open economy heavily reliant on tourism, exports, and financial markets, Hong Kong faced a difficult year. However, there are now emerging signs of a recovery in the macro environment for both China and Hong Kong. The annual Chinese New Year celebrations in Hong ...
AGBA Celebrates Major Milestone with Successful Completion of Private ...
AGBA Celebrates Major Milestone with Successful Completion of Private Placement at a Premium to Market Price HONG KONG, Feb. 15, 2024 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”), the leading one-stop financial supermarket in Hong Kong completed a private placement (the “PIPE”) of ordinary shares of the Company (the “Ordinary Shares”) and warrants (the “Warrants”) with an institutional investor, AGBA’s Group President, Mr. Wing-Fai Ng and AGBA’s management team. The Company anticipates to receive gross proceeds of approximately $5,128,960 at the...
- Richard Williamson
AGBA - Year-to-date pre-tax result in line
AGBA’s Q323 results continued to be affected by the weak recovery in China and consequent subdued mainland demand for Hong Kong health and wealth products. As a result, revenues were flat year-on-year at US$13.2m, but down from US$17.4m in Q223. The pre-tax loss was US$12.9m, putting the company on track to meet its US$49m projected loss for FY23. AGBA also announced that it has entered into term sheets for a US$6.2m private share placing with a new institutional investor, AGBA’s group president...
AGBA Group Releases Third Quarter 2023 Financial Results
AGBA Group Releases Third Quarter 2023 Financial Results HONG KONG, Nov. 14, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”) the leading one-stop financial supermarket in Hong Kong released its financial results for its third quarter ended September 30, 2023. The Company generated USD 41 million in revenue for the first nine months of 2023, which was more than double compared to the first nine months of 2022 (up 115%). Revenues for the third quarter of 2023 were approximately flat compared to revenues for the third quarter of 2022. During...
AGBA Group Entered Into Term Sheets for US$6.2 Million Private Placeme...
AGBA Group Entered Into Term Sheets for US$6.2 Million Private Placement Offering HONG KONG, Nov. 08, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or “the Company”) the leading one-stop financial supermarket in Hong Kong entered into term sheets for a private placement offering with an institutional investor, AGBA’s Group President, Mr. Wing-Fai Ng and AGBA’s management team. Based on the currently executed term sheets, the contemplated placement will amount to US$6.2 million (“Share Placement”). The purchase price of the Share Placement will be $0.70 pe...
AGBA Confirms Self-Imposed Lockup Of Two Significant Shareholders
AGBA Confirms Self-Imposed Lockup Of Two Significant Shareholders HONG KONG, Oct. 04, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company”), the leading one-stop financial supermarket in Hong Kong, confirms self-imposed lockup of all shares in AGBA held by two significant shareholders. Two significant stakeholders of AGBA, namely AGBA Holdings Limited and Apex Twinkle Limited, whose shares were registered on the Form S-1 effective as of August 28, 2023, have represented that they will not sell their AGBA shares for the next three months. These...
AGBA Address Shareholder Inquiries Every Wednesday in its Q&A Session
AGBA Address Shareholder Inquiries Every Wednesday in its Q&A Session HONG KONG, Oct. 04, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “company”), the leading one-stop financial supermarket in Hong Kong, announces weekly Q&A sessions on its social media platform, X (formerly twitter). To maintain a culture of transparency, the company is pleased to announce that the first topic of exploration this month will focus on Finance, sharing insights on stock price, company updates and related financial matters. The Investor Relations Team at AGBA has bee...
AGBA Reported to NASDAQ and SEC in relation to Irregular Trading Activ...
AGBA Reported to NASDAQ and SEC in relation to Irregular Trading Activities in AGBA Shares HONG KONG, Oct. 03, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA” or the “Company”), the leading one-stop financial supermarket in Hong Kong, provide updates on its actions against certain irregular trading activities in the Company’s ordinary shares. On October 3, 2023, AGBA submitted a letter to the Securities and Exchange Commission and to Nasdaq regarding irregular trading activities in the Company’s ordinary shares by unknown parties since April 28, 2023....
AGBA Group Appoints Bob Diamond as Chairman and Announces Atlas Mercha...
AGBA Group Appoints Bob Diamond as Chairman and Announces Atlas Merchant Capital as Strategic Advisor HONG KONG, Sept. 19, 2023 (GLOBE NEWSWIRE) -- NASDAQ-listed, AGBA Group Holding Limited (“AGBA”, “The Group”), the leading one-stop financial supermarket in Hong Kong, announced the appointment of Mr. Bob Diamond as the Chairman of the AGBA Board, effective immediately. AGBA has also engaged Atlas Merchant Capital (“Atlas”) as its strategic advisor for its forthcoming phase of expansion. Mr. Diamond brings decades of financial services experience, an established leadership track record...
- Richard Williamson
AGBA - Forecasts lowered but momentum maintained
AGBA generated sales of US$28.4m in H123, 361% higher than in H122, as it continued to onboard agents and COVID-19 restrictions were relaxed. Compared to Q123, revenue increased by 54% as AGBA continued to benefit from the reopening of the Hong Kong-China border in February and the Chinese economy. Despite the positive momentum, AGBA has reduced its forecasts for each consecutive year to 2026 because of the slower-than-expected revival of the Chinese and Hong Kong economies so far in 2023. It st...
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