HONG KONG, Jan. 15, 2025 — Powell Max Limited (Nasdaq: PMAX), a Hong Kong-based financial communications services provider, announced its acquisition strategy to expand its operations. The company is assessing various financial communications firms to boost growth and market share within Hong Kong and Asia.
Powell Max plans to acquire companies generating $1.5 million to $5 million in annual gross revenue. It intends to retain most existing management teams, augmenting them with corporate strategy and business development professionals. Acquired companies will operate semi-autonomously as separate business units, under the direct supervision of Powell Max’s senior management. These acquisitions aim to broaden Powell Max’s client base and achieve economies of scale.
“Hong Kong’s financial communications firms are similar to financial printers and EDGAR filers in the U.S.,” said Tsz Kin Wong, Powell Max CEO. “We support Hong Kong-listed companies with compliance filings, financial printing, and investor communications. With a total market capitalization of approximately $4,521 billion across 2,632 listed companies (as of January 10, 2025), the demand for these services remains robust. Acquisitions will expand our client base and market presence.”
Powell Max recently secured a $40 million standby equity line of credit to fund acquisitions and strategic partnerships.
Powell Max hasn’t finalized agreements with any target companies. Any acquisition will depend on due diligence, definitive agreements, and the satisfaction of specified conditions. The timing, size, consideration, and completion of any acquisitions are uncertain.
Forward-Looking Statements
This release includes forward-looking statements, particularly regarding proposed acquisitions. Words like “will,” “future,” “expects,” “believes,” and “intends” indicate forward-looking statements. These statements involve inherent uncertainties; there’s no guarantee the acquisitions will be completed as described or achieve intended objectives. Actual results may differ significantly due to factors including profitable operations, successful integration of acquired businesses, customer acceptance, service demand, customer base composition, competition, pricing, economic conditions, and risks detailed in SEC filings. Refer to the “Risk Factors” section in our Form F-1 registration statement and other SEC filings for cautionary statements. We don’t commit to updating forward-looking statements unless legally required.
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Powell Max Limited
Investor Relations
(852) 2158 2888