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The latest update is out from Plutus Financial Group Limited ( (PLUT) ).
On August 8, 2025, Plutus Financial Group Limited announced the results of its extraordinary general meeting held in Hong Kong, where shareholders approved a merger agreement with Choco Up Group Holdings Limited. As part of the merger, Choco Up will become a wholly-owned subsidiary of Plutus, and the company’s name will change to Choco Up International Holdings Limited. The merger involves a re-designation and cancellation of shares, and the issuance of new ordinary shares to Choco Up shareholders. This strategic move aims to enhance Plutus’s market positioning by integrating Choco Up’s fintech capabilities, potentially impacting stakeholders by expanding the company’s reach in the fintech industry.
More about Plutus Financial Group Limited
Plutus Financial Group Limited is a Hong Kong-based financial services holding company operating through two wholly-owned primary subsidiaries: Plutus Securities Limited and Plutus Asset Management Limited. Plutus Securities is a securities broker licensed by the Securities and Futures Commission of Hong Kong, providing securities dealing, brokerage, margin financing, securities custody, and nominee services. Plutus Asset Management is a wealth management and advisory firm also licensed by the SFC.
Average Trading Volume: 48,622
Technical Sentiment Signal: Strong Buy
For an in-depth examination of PLUT stock, go to TipRanks’ Overview page.