GOFINTECH QUANT (00290) plans to sell a 22.50% equity stake in CSOP Asset Management Limited for HK$1.2 billion, focusing on its own proprietary public fund business.

GOFINTECH QUANT (00290) announced that on November 13, 2026, the company intends to sell a 22.50% equity stake in CSOP Asset Management Limited to CPCT Limited for a cash consideration of HK$1.2 billion. In addition, the company is entitled under the share purchase agreement to receive a permitted dividend (a contingent right that does not form part of the consideration). The permitted dividend refers to dividends declared by the target company from the undistributed profits attributable to the sale shares, provided that the aggregate amount of the permitted dividend shall not exceed approximately HK$251 million. It is understood that the target company is the first offshore entity established by a regulated Chinese asset management company. The target company is licensed by the SFC to conduct Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance. The target company focuses on cross-border asset management, providing overseas investors with investment products and solutions for the Chinese market, and providing mainland Chinese investors with global asset allocation solutions. Its business covers passive, active, and quantitative investments: passive products include equity ETFs, fixed income ETFs, money market ETFs, leveraged and inverse products, thematic ETFs, and virtual asset futures ETFs; active strategies cover Greater China equities and fixed income. The announcement stated that the company has been approved for its own OFC open-ended fund platform. To avoid peer competition with CSOP's ETF business and to concentrate resources on developing its own proprietary public fund business, the company aims to create differentiated products in quantum technology, AI, and RWA asset tokenization; at the same time, it will realize equity investments, recover cash, and optimize asset liquidity. The proceeds from the sale will be used for the group's operations, debt repayment, seed capital for its own public funds, and investment in quantum and AI computing power projects.