ATIF Holdings Enters Non-Binding Letter of Intent to Purchase Mask Global
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2025
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Acquisition Proposal: ATIF Holdings and Mask Global have entered a non-binding letter of intent for ZBAI to acquire 100% equity of Mask Global through the issuance of ZBAI Class A ordinary shares to current shareholders.
Due Diligence and Valuation: The acquisition is subject to satisfactory due diligence and the availability of audited financial statements, with a valuation of Mask Global estimated between $450M and $550M based on a 2023 evaluation report.
Analyst Views on ZBAI
About ZBAI
ATIF Holdings Ltd is an investment holding company primarily engaged in the provision of financial consulting services to small and medium-sized enterprises (SMEs). The Company’s main business is engaged in the provision of comprehensive going public consulting services designed to help SMEs become public companies on suitable markets and exchanges. The Company is also engaged in the asset management, investment holding, media services, merger and acquisition advisory services, post-listing compliance, management support and other related services. The Company conducts its business in the domestic and overseas markets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
