LCS0006 - Type 4+9 Licensed Corporation for Sale

LCS0006 - SFC Type 4+9 License Key Points: - License Type: SFC Type 4 (Advising on Securities) + Type 9 (Asset Management) - Asking Price: HKD$2.2M - NAV: HKD$2.4M (as of June 2024) Key Selling Points: - Dual license: SFC + Insurance Authority - Strong expat client base (Indian and international clients) - Solid AUM: SFC HKD$14M + IA HKD$15M License Details: - Licensed since June 20, 2005 (19+ years operating history) - SFC Type 4 and Type 9 - Clean regulatory record with no disciplinary actions - Cannot hold client assets (license condition) - No exchange trading rights Financial Details: - NAV: HKD$2.4M (June 2024) - Cash and bank balance: HKD$331,000 - Annual revenue: HKD$905,000 (2024) - Average monthly expense: HKD$82,000 - Bank: HSBC (company, client, multi-currency accounts) Ownership Details: - Registered in Belize 1993 - Single natural person 100% ownership - No holding structure Staff Details: - 2 Responsible Officers (shareholder + friend) - Both ROs willing to stay after sale, $35,000/month each - No other employees Business Status: - Asset management via iFAST platform - Insurance advisory services - Client base: 50% Indian expats, 50% other international expats Office: - Location: Sheung Wan - Rent: HKD$5,800/month (one month notice) Other Information: - AUM: SFC HKD$14M + IA HKD$15M - Reason for sale: Retirement and understaffing