Tricor Group to acquire Hong Kong-based Richful Deyong.

Tricor Group, Asia’s leading provider of business, corporate, investor and debt administration services, to acquire Hong Kong-based Richful Deyong, a provider of integrated corporate and business services, focused on supporting mainland Chinese companies in their international corporate activities. Financial terms were not disclosed. Lennard Yong, Group CEO of Tricor, said: “We are delighted with the greatly enhanced presence that we have gained in China through RFDY. Shisong Mai, the founder of RFDY, and his management team have built an exceptional business in the mainland and Hong Kong. In 2018, RFDY supported the internationalisation of over 18,000 Chinese corporations. Combining RFDY’s capabilities with the resources of Tricor strengthens Tricor’s Asian footprint and supports our aim to become the premier partner for China’s globalisation activities, taking full advantage of economic expansion and initiatives like the Belt and Road and Greater Bay area.”