Popular on PrZen
- Assent Launches Carbon Border Adjustment Mechanism Solution to Help Manufacturers Meet Regulatory Requirements - 301
- The TOBU RAILWAY X COFFEE PROJECT Supports Nikko Tourism and Fosters English Speaking Guides, Through November 27, 2026 - 191
- Garage Door Scam Alert: Superior Overhead Doors Warns Tulsa Homeowners About Red Flags - 171
- U.S. Lawmakers Propose New $250 Fee for Green Card Lottery Applicants - 112
- NBA Legend Jeremy Lin, Benny Luo and Sy Huq Team Up to Executive Produce Powerful New Short Film "Ayo, Check Up!" - 102
- Men's Health Network Urges Memphis Community to Attend 2025 Men's Health Month Summit
- Class of 2025 - NYC Basketball Hall of Fame
- Pulitzer Prize Nominated Lauren Coyle Rosen Releases New Album, Covers and Veils in Blue
- Spiritually Transformative Events Based on Bhagavad Gita – Path to a Fulfilling Life
- The Great Reset, the First Photorealistic AI Film Makes History at the Cannes Film Festival
Similar on PrZen
- Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
- United States Congressional Candidate Peter Coe Verbica Unveils 25-Point Federal Plan to Help Make California Affordable Again
- Mauro Schnaidman named as Managing Director in Miami, Florida
- Continued Streak of Recognitions with Multiple Chambers and Partners Rankings
- Robert Michael & Co. Launches New Real Estate Website to Serve Central Florida Homebuyers and Sellers
- Delta Capital Group, Inc. Earns A+ Rating from the Better Business Bureau, Marking Another Milestone in Explosive Growth
- Vice President JD Vance & Industry Leaders at Bitcoin Conference After Partnership Signing to Optimize Cybersecurity Solutions: Bullet Blockchain, Inc
- Global Expansion Fueled via Agreement to Take 90% Ownership of Nook Holdings UAE-Based Sports Incubator by Online Lottery & Sports Game Provider
- Remember Internet Pioneers NetCom Solutions & Network Solutions? Founder Emmit J. McHenry is Now Leading the Emerging Cybersecurity Firm Cycurion
- LIB Continuous Innovation: Custom Rain Test Chambers & IP Labs
Multiple Acquisitions in Play to Deliver Powerful New Capabilities Incorporating Artificial Intelligence: Prestige Wealth Inc. Stock Symbol: PWM
PrZen/33564147
Serving High and Ultra-High Net Worth Clients: Prestige Wealth Inc. (Stock Symbol: PWM)
HONG KONG, China - PrZen -- Acquisition Oriented Global Wealth Management Company Offering Custom Matched Financial Products.
Loyal Customer Case of High-Net-Worth and Ultra-High-Net-Worth Clients in Asia.
Managed Investment Funds, Plus Discretionary Account Management Services and Asset Management-Related Advisory Services to Clients.
Acquisition Plan for Tokyo Bay Providing Wealth Management, Family Affairs Services, Lifestyle Management and Value-Added Services to Clients in Japan.
Acquisition Plan for InnoSphere Tech Web Scraping Technology to Collect Data on Finance, Wealth Management and Related Industries.
Closing on Acquisition of Wealth AI Dedicated to the Transformative Potential of Artificial Intelligence in Wealth Management.
Prestige Wealth Inc. (Nasdaq; PWM) is a wealth management and asset management services provider based in Hong Kong, assisting its clients in identifying and purchasing well-matched wealth management and global asset management products. With a focus on quality service, PWM has retained a loyal customer base consisting of high-net-worth and ultra-high-net-worth clients in Asia. Through its wealth management service, PWM introduces clients to customized wealth management products and provides them with tailored value-added services. PWM provides asset management services via investment funds that it manages and also provides discretionary account management services and asset management-related advisory services to clients.
Acquisition of Tokyo Bay
On November 12th PWM announced that it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of Tokyo Bay Management Inc., a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$1,500,000, subject to customary closing purchase price adjustments, in the form of 2,500,000 newly issued Class B ordinary shares at a price per Class B ordinary share of US$0.60 to the seller and key employees of Tokyo Bay.
Tokyo Bay is a company based in Tokyo, Japan. Founded by experienced professionals, the Tokyo Bay team has accumulated extensive premium client resources and local market knowledge over the past years, providing wealth management services, family affairs services, lifestyle management services and related value-added services to high-net-worth clients in Japan.
Acquisitions of InnoSphere Tech and Closing of Acquisition of Wealth AI
On November 5th PWM entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of InnoSphere Tech Inc., a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$2,100,000, subject to customary closing purchase price adjustments, in the form of 3,500,000 newly issued Class B ordinary shares of the Company at a price per Class B ordinary share of US$0.60 to the seller and key employees of InnoSphere Tech.
InnoSphere Tech is a technology company that leverages its advantages in web scraping technology to collect data on finance, wealth management, and related industries according to international standards. Through the accumulation and processing of large amounts of data, its system can train a specialized large model tailored for the wealth management industry, providing robust foundational support to clients in the financial sector that surpasses traditional general-purpose large models.
PWM also announced that, on November 4th, it completed its acquisition of all shares of SPW Global Inc., a company incorporated under the laws of the British Virgin Islands, which in turn wholly owns Wealth AI PTE LTD. or Wealth AI, a company incorporated under the laws of Republic of Singapore.
Wealth AI is a company based in Singapore that offers personalized, cost-effective wealth management solutions using artificial intelligence. Founded by AI experts from top technology companies in 2022, Wealth AI is dedicated to the transformative potential of artificial intelligence in wealth management.
Disclaimer and Disclosure: www.aibrandnetwork.com
Media Contact:
Company Name: Prestige Wealth Inc.
Contact: Investor Relations Department
Email: ir@prestigefh.com
Phone: + 852 2122 8560
Country: China
Website: http://ir.prestigewm.hk
Loyal Customer Case of High-Net-Worth and Ultra-High-Net-Worth Clients in Asia.
Managed Investment Funds, Plus Discretionary Account Management Services and Asset Management-Related Advisory Services to Clients.
Acquisition Plan for Tokyo Bay Providing Wealth Management, Family Affairs Services, Lifestyle Management and Value-Added Services to Clients in Japan.
Acquisition Plan for InnoSphere Tech Web Scraping Technology to Collect Data on Finance, Wealth Management and Related Industries.
Closing on Acquisition of Wealth AI Dedicated to the Transformative Potential of Artificial Intelligence in Wealth Management.
Prestige Wealth Inc. (Nasdaq; PWM) is a wealth management and asset management services provider based in Hong Kong, assisting its clients in identifying and purchasing well-matched wealth management and global asset management products. With a focus on quality service, PWM has retained a loyal customer base consisting of high-net-worth and ultra-high-net-worth clients in Asia. Through its wealth management service, PWM introduces clients to customized wealth management products and provides them with tailored value-added services. PWM provides asset management services via investment funds that it manages and also provides discretionary account management services and asset management-related advisory services to clients.
Acquisition of Tokyo Bay
On November 12th PWM announced that it entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of Tokyo Bay Management Inc., a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$1,500,000, subject to customary closing purchase price adjustments, in the form of 2,500,000 newly issued Class B ordinary shares at a price per Class B ordinary share of US$0.60 to the seller and key employees of Tokyo Bay.
Tokyo Bay is a company based in Tokyo, Japan. Founded by experienced professionals, the Tokyo Bay team has accumulated extensive premium client resources and local market knowledge over the past years, providing wealth management services, family affairs services, lifestyle management services and related value-added services to high-net-worth clients in Japan.
Acquisitions of InnoSphere Tech and Closing of Acquisition of Wealth AI
On November 5th PWM entered into a definitive acquisition agreement pursuant to which PWM will purchase all shares of InnoSphere Tech Inc., a company incorporated under the laws of the British Virgin Islands. The total purchase price is US$2,100,000, subject to customary closing purchase price adjustments, in the form of 3,500,000 newly issued Class B ordinary shares of the Company at a price per Class B ordinary share of US$0.60 to the seller and key employees of InnoSphere Tech.
InnoSphere Tech is a technology company that leverages its advantages in web scraping technology to collect data on finance, wealth management, and related industries according to international standards. Through the accumulation and processing of large amounts of data, its system can train a specialized large model tailored for the wealth management industry, providing robust foundational support to clients in the financial sector that surpasses traditional general-purpose large models.
PWM also announced that, on November 4th, it completed its acquisition of all shares of SPW Global Inc., a company incorporated under the laws of the British Virgin Islands, which in turn wholly owns Wealth AI PTE LTD. or Wealth AI, a company incorporated under the laws of Republic of Singapore.
Wealth AI is a company based in Singapore that offers personalized, cost-effective wealth management solutions using artificial intelligence. Founded by AI experts from top technology companies in 2022, Wealth AI is dedicated to the transformative potential of artificial intelligence in wealth management.
Disclaimer and Disclosure: www.aibrandnetwork.com
Media Contact:
Company Name: Prestige Wealth Inc.
Contact: Investor Relations Department
Email: ir@prestigefh.com
Phone: + 852 2122 8560
Country: China
Website: http://ir.prestigewm.hk
Source: Corporate Ads
Filed Under: Business, Advertising, Banking, Stocks, Financial, Finance, Stock Market, Press Release, Nasdaq
0 Comments
Latest on PrZen
- Innovative EDM Music Project, "Terms of War," Depicts an A.I. Takeover of Earth
- DivX Enhances AVI Playback Resources; Simplifies Guide to Playing AVI Files with DivX Software
- Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
- Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures
- Goldstar Rehabilitation Celebrates 15 Years of Early Intervention Across Southeastern PA
- United States Congressional Candidate Peter Coe Verbica Unveils 25-Point Federal Plan to Help Make California Affordable Again
- D8Averse Launches D8Acapture: Disruptive Mobile-First App Transforms Utility Pole Data Collection
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator
- Mauro Schnaidman named as Managing Director in Miami, Florida
- Continued Streak of Recognitions with Multiple Chambers and Partners Rankings
- Anern Shines at SOLAR AFRICA Kenya with Solar Lithium Battery Storage Technology
- Last Call - Submit Your Proposal for the 2025 OpenSSL Conference in Prague
- Robert Michael & Co. Launches New Real Estate Website to Serve Central Florida Homebuyers and Sellers
- IFFA 2025 Shines Bright as Mukesh Modi Welcomes Rio Rocket and Award Winner Lulu Lopez
- Kemeny, Ramp & Renaud Expands Legal Team with Attorney Baruch Kraut
- WOA Entertainment Group Unveils Independent No.1's: Breakthrough Artists II —A Celebration of Indie Excellence
- SheepFeast Launches "1 Million Discipled" Global Initiative to Empower Disciple-Making Around the World
- Sun City Resident Realtor Launches Exclusive Weekly Market Update for Bluffton's 55+ Communities!
- Delta Capital Group, Inc. Earns A+ Rating from the Better Business Bureau, Marking Another Milestone in Explosive Growth
- Vice President JD Vance & Industry Leaders at Bitcoin Conference After Partnership Signing to Optimize Cybersecurity Solutions: Bullet Blockchain, Inc