Mergers & Acquisitions ·
Lichen sells loss-making education subsidiary Bondly for HK$1 to cut losses
LICNLichen International Ltd
Lichen International sold its wholly-owned subsidiary, Legend Consulting Limited, and its target company Bondly Enterprises (including Xiamen Bondly Management) to an unrelated third party for one Hong Kong dollar. The board approved the transaction on October 7, 2026, citing that the Target had incurred significant losses and negative shareholders' equity as of August 31, 2026. The disposition aims to eliminate ongoing losses and allow Lichen to focus resources on its remaining business operations. Lichen International Limited operates in the professional education sector.