Universal Capital Holdings Group Inc., a wholly owned subsidiary of Ding Feng International Investment Limited, has announced that it has completed the acquisition of Brendan E. Cryan and Company LLC, a Designated Market Maker (DMM) unit of the New York Stock Exchange.
The transaction was completed at the close of trading on November 30, 2016. Brendan E. Cryan and Company will continue to do business under the same name, with no changes to the firm operations or management team led by CEO Gabriel Freytes.
“The Brendan Cryan firm has deep expertise in market making and a long history of providing world class trading services to help its clients meet their investment goals,” said Jiaming Li, president of Universal Capital Holdings Group. “We are pleased to bring Brendan Cryan’s state-of-the-art electronic market making platform under the Universal Capital umbrella and we look forward to Gabriel’s continued leadership as we look to build on Brendan Cryan’s legacy as one of the most trusted financial firms in the market.”
Loeb & Loeb LLP served as legal counsel to Universal Capital in connection with the acquisition, with a cross-border team of U.S.- and Hong Kong-based attorneys led by regulatory and transactional partner Stephen H. Cohen. Global Network of Business Consultants, Inc. served as the technical and operational counsel for the transaction.
About Universal Capital Holdings Group Inc.
Universal Capital Holdings Group Inc. is a Delaware corporation focused on the acquisition of strategic businesses with the goal of enabling them to maximize their ultimate potential and successfully grow their capital markets business.