Ann: FFG to Position Fintech Holding Company for Expansion, page-57

Looking aheadThe restructuring exercise will involve AFG acquiring additional stakes in Smartfunding and Fatberry from FFG’s Swedish listed subsidiary, Abelco Investment Group.The Smartfunding stake is expected to increase from 40% to approximately 89.4%, while its Fatberry stake will increase from 11.4% to approximately 60.9%.In return, FFG’s direct stake in AFG is expected to be diluted from 100% to approximately 70.8%, while Abelco will hold a 17.5% stake and the remaining 11.7% being held by minority shareholders.Fatfish believes the restructuring exercise will yield significant results for shareholders, as this integrated business vertical strategy has been tried and tested by FFG’s management before.Fatfish had previously built a gaming vertical strategy that eventually became the successful spin-out iCandy Interactive Limited (ASX:ICI), which is now one of the largest game developers in Australia, New Zealand and Southeast Asia.The FFG management says it strongly believes the fintech business vertical will now be the next business vertical the company can build and grow upon.