Future World (HKG:0572) will acquire Aspire Holding from Sin Lik Man for a little over HK$1.1 million, a Thursday filing with the Hong Kong bourse said.
The firm will also take assignment of a 25 million yuan shareholder's loan owed to the seller for HK$26.6 million.
Of the total consideration for the equity interest and shareholder's loan, the firm will settle nearly HK$12 million through the issue of 23 million shares to the seller at HK$0.52 apiece.
The shares represent around 7.66% of the company's enlarged issued share capital.
The remaining consideration will be settled by the financial services provider and property investor through the issue of a 5% promissory note falling due in three years from issue.
The company is buying the Aspire, which indirectly owns a property investment firm, to boost its service offerings in the property management niche.
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