{"id":9284,"date":"2022-05-10T15:56:00","date_gmt":"2022-05-10T15:56:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/3752771_AE52771_0"},"modified":"2022-05-10T15:56:00","modified_gmt":"2022-05-10T15:56:00","slug":"mr-mark-chan-chairman-of-wisdomcome-group-to-acquire-approximately-34-24-equity-interest-of-easy-repay","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=9284","title":{"rendered":"Mr. Mark Chan, Chairman of Wisdomcome Group, to acquire approximately 34.24% equity interest of Easy Repay"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/en.prnasia.com\/prnasia.com-PC\/images\/logo-en-blue-in.png\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">HONG KONG<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">May 10, 2022<\/span><\/span> \/PRNewswire\/ &#8212; Best Richest Management Company Limited, a direct wholly and beneficially owned company of Mr. <span class=\"xn-person\">Mark Chan<\/span>, Chairman of <b>Wisdomcome Group<\/b> (&#8220;Wisdomcome&#8221; or &#8220;the Group&#8221;), has entered into a Share Purchase Agreement with Able Rich Consultants Limited to acquire approximately 34.24% of Easy Repay Finance &amp; Investment Limited (&#8220;Easy Repay&#8221;, stock code: 8079.HK). The consideration for the Sale Shares is approximately <span class=\"xn-money\">HK$6.58 million<\/span>, representing <span class=\"xn-money\">HK$0.08<\/span> per Sale Share, payable in cash.<\/p>\n<p>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 &#8220;People&#8217;s Market&#8221; retail shops which are located in Wanchai, <span class=\"xn-person\">Lai Chi Kok<\/span>, <span class=\"xn-person\">Tai Po<\/span> 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 <span class=\"xn-location\">Hong Kong<\/span>. The acquisition is expected to create synergetic effect which strengthens the Group&#8217;s retail businesses in <span class=\"xn-location\">Hong Kong<\/span>.<\/p>\n<p><b>Mr. <span class=\"xn-person\">Mark Chan<\/span>, Chairman of Wisdomcome, <\/b>said,&nbsp;&#8220;The acquisition is in line with the Group&#8217;s strategy of developing diversified businesses. We believe that it can achieve complementary advantages, expanding the sales network of the retail businesses. We will continue to seize market opportunities and create enduring growth for the Group.&#8221;<\/p>\n<p><b><u>About Wisdomcome Group<\/u><\/b><\/p>\n<p>Wisdomcome Group was founded by Mr. <span class=\"xn-person\">Mark Chan<\/span> in <span class=\"xn-location\">Hong Kong<\/span> 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. <span class=\"xn-person\">Mark Chan<\/span> is Royal Medic, which is a health care brand listed in <span class=\"xn-location\">Hong Kong<\/span> with market capitalization at one stage exceeding <span class=\"xn-money\">HK$5.8 billion<\/span>. He retired from this company in 2020 and has since ventured into the pet category and other businesses and investments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, May 10, 2022 \/PRNewswire\/ &#8212; Best Richest Management Company Limited, a direct wholly and beneficially owned company of Mr. Mark Chan, Chairman of Wisdomcome Group (&#8220;Wisdomcome&#8221; or &#8220;the Group&#8221;), has entered into a Share Purchase Agreement with Able Rich Consultants Limited to acquire approximately 34.24% of Easy Repay Finance &amp; Investment Limited (&#8220;Easy [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":9285,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-9284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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