China Vered Financial Holding Corporation Limited (SEHK:245) entered into agreement to acquire an additional 23.87% stake in WSD Holdings (HK) Limited from Li Xing for approximately HKD 280 million on June 20, 2025. A cash consideration of HKD 284.1 million will be paid by China Vered Financial Holding Corporation Limited. As part of consideration, HKD 284.1 million is paid towards common equity of WSD Holdings (HK) Limited. Upon completion, China Vered Financial Holding Corporation Limited will own 33.11% stake in WSD Holdings (HK) Limited. In related transaction China Vered Financial Holding Corporation Limited entered into agreement to acquire 19.33% stake in WSD Holdings (HK) Limited from Tang Sik Ho for HKD 230 million on June 20, 2025.

For the period ending December 31, 2024, WSD Holdings (HK) Limited reported net income of HKD 1.87 million. The transaction is expected to close on June 25, 2025.

Anglo Chinese Corporate Finance, Limited acted as financial advisor for China Vered Financial Holding Corporation Limited. Forvis Mazars CPA Limited acted as accountant for China Vered Financial Holding Corporation Limited.