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Nashville, Tennessee, January 23, 2025 – UTXO Administration proudly announce that in cooperation with SORA Ventures and others, the HK ASIA Holdings Restricted (1723.hk) shares, a listed firm of the Hong Kong Inventory Trade (HKSE), have gained a majority. The corporate means that the corporate will change its model as Moon Inc., indicating the intention of investing in cryptocurrencies and exploring WEB 3.0 innovation, so this acquisition would be the second of change.
Most important highlights of acquisition: Safe nearly all of shares:
1.Safe a majority of shares: UTXO Administration has acquired 70.26% of the issued shares issued by HK ASIA Holdings Restricted in collaboration with Sora Ventures. This may result in new ruling shareholders resulting in the corporate’s strategic evolution.
2. Scrumptious experience in market technique: The acquisition group contains UTXO Administration and Sora Ventures, a serious firm that pioneered the success of the Japanese metaplanet (3350: Tokyo), also referred to as “MicroStrategy in Asia”. The group additionally contains native companions, High Legend SPCs and Aridoptoprest Menz, who’ve a wealth of expertise in Hong Kong’s public market. This experience will result in Moon Inc.’s trajectory in Hong Kong.
3. Investing in bitcoin and net 3.0: The brand new administration group focuses on making wonderful earnings for the corporate and shareholders by using its assets and experience, investing in bitcoin and cryptocurrency, alternatives for Net 3.0, and different improvements. We plan to discover a enterprise.
4.Issuance of convertible banknotes: The corporate plans to difficulty a complete of $ 33.75 million in Hong Kong, and the group’s possession will improve to about 74 % as a result of full change in transformed bonds by the acquisition events. Revenue is used as a common working fund for buying pay as you go merchandise corresponding to SIM and cost voucher and incomes funding alternatives which will happen sooner or later, additional enhancing new shareholders’ commitments for the way forward for the corporate.
5.Librand to Moon Inc.: Reflecting new missions, we suggest the corporate title to vary from “HK ASIA HOLDINGS LIMITED” to “Moon Inc.”. The model change emphasizes the corporate’s need to grow to be the main energy of Hong Kong’s dynamic ecosystem.
Strategic imaginative and prescient and widespread influence:
HKSE, the world’s ninth largest market, presents a sturdy platform for our firm to pioneer new alternatives and promote monetary innovation.
This acquisition isn’t just a transaction. This can be a daring step to create the worth for shareholders. ” Tyler Evans, UTXO Administration’s administration accomplice, acknowledged: “The partnership with SORA VENTURES relies on a sure achievement, and I am excited to steer Moon Inc. to the long run the place Hong Kong will proceed to play a serious position on the earth market.”
We’re very excited that the Bitcoin ETF in Hong Kong has been launched and the biggest bitcoin informal in Asia was held in Hong Kong final yr. These are all indicating that Hong Kong is able to introduce extra modern merchandise within the capital market, “mentioned Jason Fan, a SORA VENTURES administration accomplice and founder.
Particulars of the acquisition, together with the circumstances of the gross sales contract and the conversion bonds, have been collectively introduced by the Firm and the Acquired Occasion. You may see this announcement right here on the HKEX web site.
About UTXO administration
UTXO Administration is a pioneering funding firm specializing in the bitcoin ecosystem. UTXO, who has a observe report of strategic funding for greater than 60 open firms and personal firms, goals to kind a monetary know-how future.
About Sora Ventures
SORA VENTURES is without doubt one of the main enterprise capital firms in Asia, specializing in investing in Bitcoin Eco System and blockchain know-how. SORA VENTURES is without doubt one of the most aggressive traders within the web3 media, with greater than 30 portfolios firms on the Bitcoin Eco System. About Sora Ventures
This press launch is for data solely, and doesn’t configure the acquisition, buy, software, and solicitation of securities.
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