According to Zhitong Finance App, Zhuohang Holdings (01865) announced that on January 26, 2024 (after the end of the trading period), the company (seller) and such buyers (Mr. Maule, Ms. Feng Qiuhe and Ms. Ding Xiameng) entered into a sales agreement. According to this, the company has agreed to sell and those buyers have agreed to buy and sell shares at a cash cost of HK$9.25 million, that is, all of the issued share capital of the target company JUMBO HARVEST GROUP LIMITED.

According to the announcement, the company's sale was due to the fact that since the Group acquired FXCM at the end of 2022, FXCM's operating conditions have failed to meet the Group's expectations, and FXCM has recorded an unaudited net loss of approximately HK$3 million for the year ended 31 December 2023. The Board believes that the suspension of brokerage, placement and guarantee financing operations after completion will not have any significant adverse impact on the Group's financial position and operations. The sale and the resulting cash inflow will enable the Group to make better use of its financial resources to develop its existing core business, streamline operations and explore other investment opportunities, so it is in the overall best interest of the company and its shareholders.