Dmall Inc., a company known as DuoDian ShuZhi, has announced its intention to acquire two licensed entities within Hong Kong’s financial services sector. According to Foresight News, the acquisition involves non-binding letter of intent for entities operating under licenses for various regulated activities: Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management). The other target company holds a license for Type 1 (dealing in securities) activity. As of the announcement date, no binding agreements have been signed and negotiations are ongoing regarding terms and conditions. This strategic acquisition aims to facilitate Dmall Inc.’s entry into the regulated financial services sector. It is anticipated that the acquisition will enable them to expand their virtual asset trading services once the Type 1, Type 4, and Type 9 licenses are upgraded post-acquisition. The company’s board highlights that details of the proposed acquisition remain under discussion.