Guofu Quantum (00290) plans to sell 22.50% of Southern Dongying Asset Management Co., Ltd.'s shares for HK$1.2 billion, focusing on its own exclusive public fund business

According to the Zhitong Finance App, Guofu Quantum (00290) announced that on November 13, 2026, the company plans to sell 22.50% of Southern Dongying Asset Management Co., Ltd.'s shares to CPCT Limited at a cash cost of HK$1.2 billion. Additionally, the company is entitled to receive a license dividend (a contingent right and does not form part of the cost) in accordance with the share purchase agreement. Licensed dividends are dividends declared by the target company from undistributed profits due to shares to be sold, but the total amount of licensed dividends shall not exceed approximately HK$251 million.

According to reports, the target company is the first offshore entity established by a regulated Chinese asset management company. The target company is licensed by the Securities Regulatory Commission to engage in Type 1 (securities trading), Type 4 (advising on securities) and Type 9 (provision of 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 in the Chinese market, and providing global asset allocation solutions for mainland Chinese investors. Its business covers passive, active and quantitative investments: passive products include stock ETFs, fixed income ETFs, money market ETFs, leveraged and inverse products, themed ETFs, and virtual asset futures ETFs; active strategies cover stocks and fixed income in Greater China.

According to the announcement, the company has been approved as its own OFC open fund platform to avoid competition with Southern Dongying ETF peers, concentrate resources to develop its own exclusive public fund business, create differentiated products tokenized by quantum technology, AI, and RWA assets; at the same time, realize equity investments, return cash, and optimize asset liquidity. The proceeds from the sale were used for group operations, debt repayment, own public seed capital, and investment in quantum and AI computing power projects.