Core Viewpoint - Derin Holdings (01709) has announced a conditional subscription agreement with Pangu Software Pte Ltd, involving an investment of $1 million for 1,041 ordinary shares, with an option for an additional $1 million for the same number of shares, aimed at strengthening its strategic position in the digital entertainment and Web3 sectors [1] Group 1: Investment Details - The investment will result in Derin Holdings' fund holding approximately 2.0% of Pangu's equity post-investment, assuming no further issuance or repurchase of shares [1] - The fund is managed by a wholly-owned subsidiary of Derin Holdings, which holds about 11.7% interest in the fund [1] Group 2: Pangu's Business Model - Pangu is a Singapore-registered tech company focused on developing decentralized Web3 gaming platforms, utilizing blockchain and AI technologies to enhance user engagement and digital asset ownership [2] - Pangu operates the MetaCene Universe, which has launched four Web3 titles, including innovative games that support decentralized governance and NFT-based game assets [2] Group 3: Strategic Alignment - The investment aligns with Derin Holdings' long-term vision in digital finance, virtual assets, and real-world asset (RWA) tokenization, facilitating potential new business developments and collaborations in the merging fields of virtual assets and decentralized finance [2][3] - Derin Holdings plans to tokenize RWAs, including commercial properties and fund interests, leveraging blockchain infrastructure to distribute digital rights to qualified shareholders [3] Group 4: Competitive Advantage - The company is expanding its regulatory license to cover various virtual asset activities, viewing virtual assets as a transformative force in inclusive finance and institutional-level digital finance [3] - Pangu's extensive experience in virtual asset operations and its overseas user distribution resources are expected to enhance Derin Holdings' service and product offerings, tapping into new digital economy audiences [3] Group 5: Strategic Value - The investment is anticipated to position Derin Holdings to participate in the rapid development of Web3 technologies and business models, which are strategically significant for its digital finance development plans [4] - By establishing a partnership with Pangu, Derin Holdings aims to seize opportunities in digital entertainment and drive the integration of traditional finance with innovative blockchain-driven asset models, creating long-term value for shareholders and clients [4]
德林控股管理的基金认购Pangu Software Pte Ltd的1041股普通股