AGBA Stands Firm: The AGBA-Triller Merger is Value-Enhancing to All Stakeholders
April 25 2024 - 3:15PM
AGBA Group Holding Limited (NASDAQ: AGBA) has become aware of a
press release issued by Brodsky & Smith (“BS”) on April 23,
2024 which claims that BS is conducting an “investigation” of AGBA
in connection with its signing of a merger agreement with Triller
Corp. that was announced on April 18, 2024.
AGBA also has become aware of a similar press
release issued by Halper Sadeh LLC (“HS”) on April 22, 2024. AGBA
wishes to emphasize that the statements in the BS and HS press
releases are frivolous and totally without merit, and if BS or HS
initiates any legal claims based on the allegations in their press
releases, AGBA will vigorously defend itself to the fullest extent
permitted by law, and will seek any and all legally available
remedies against such claimants as well as reimbursement of AGBA’s
legal fees incurred in defending itself against these meritless
claims.
AGBA believes that the proposed merger with
Triller Corp will create significant value for all shareholders.
Given the rapidly changing landscape in the social media industry,
AGBA is confident that Triller is well-positioned to capitalize on
the unprecedented opportunities. The proposed merger represents a
unique combination of social media and content, as well as fintech
and healthtech, leveraging the AI capabilities of the combined
group.
# # #
About AGBA Group:Established in
1993, AGBA Group Holding Limited (NASDAQ: “AGBA”) is a leading
one-stop financial supermarket based in Hong Kong offering the
broadest set of financial services and healthcare products in the
Guangdong-Hong Kong-Macao Greater Bay Area (GBA) through a tech-led
ecosystem, enabling clients to unlock the choices that best suit
their needs. Trusted by over 400,000 individual and corporate
customers, the Group is organized into four market-leading
businesses: Platform Business, Distribution Business, Healthcare
Business, and Fintech Business.
For more information about AGBA, please visit
www.agba.com
Investor Relations and Media
Contact:
Ms. Bethany Laimedia@agba.com/ ir@agba.com+852 5529 4500 |
Social Media
Channels:agbagroupLinkedIn | X | Instagram | Facebook | YouTube |
Safe Harbor Statement
This press release contains forward-looking
statements as defined by the Private Securities Litigation Reform
Act of 1995. Forward-looking statements include statements
concerning plans, objectives, goals, strategies, future events or
performance, and underlying assumptions and other statements that
are other than statements of historical facts. When the Company
uses words such as "may," "will," "intend," "should," "believe,"
"expect," "anticipate," "project," "estimate" or similar
expressions that do not relate solely to historical matters, it is
making forward-looking statements. Forward-looking statements are
not guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's future
business development; product and service demand and acceptance;
changes in technology; economic conditions; the outcome of any
legal proceedings that may be instituted against us following the
consummation of the business combination; expectations regarding
our strategies and future financial performance, including its
future business plans or objectives, prospective performance and
opportunities and competitors, revenues, products, pricing,
operating expenses, market trends, liquidity, cash flows and uses
of cash, capital expenditures, and our ability to invest in growth
initiatives and pursue acquisition opportunities; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in Hong Kong and the international markets the Company
plans to serve and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the SEC, the length and severity of the recent coronavirus
outbreak, including its impacts across our business and operations.
For these reasons, among others, investors are cautioned not to
place undue reliance upon any forward-looking statements in this
press release. Additional factors are discussed in the Company's
filings with the SEC, which are available for review at
www.sec.gov. The Company undertakes no obligation to publicly
revise these forward–looking statements to reflect events or
circumstances that arise after the date hereof.
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