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King Resources, Inc. (OTC: KRFG) Subsidiary Heavenly Grace Limited Achieves Major Revenue Milestone with US$574,310 Sale of Rare Collectibles
Prnewswire· 2025-12-22 13:18
Core Insights - King Resources, Inc. has successfully completed the sale of five rare collectible artifacts for approximately US$574,310, marking a significant step in its strategic expansion into the high-value asset trading market [1][2][5] Transaction Highlights - Heavenly Grace Limited, under CEO Polin Wong, executed purchases of high-value asset items at discounted prices in December 2025, finalizing the sale of ceramic masterpieces attributed to Ming and Qing dynasties [2] - The total sales value of US$574,310 includes notable transactions such as the Ming Xuande Blue and White Underglaze Red Qianqiu Vase sold for US$275,000, and the Qing Dynasty Gilt Enamel Gourd Vase sold for US$231,000 [8] Management Commentary - The CEO expressed excitement over the successful sale, emphasizing it as a proof of concept for the company's new business model and showcasing the team's expertise in identifying undervalued assets [3] Strategic Outlook - Heavenly Grace Limited operates as a wholly-owned subsidiary of OneSolution Holdings Limited, allowing it to leverage broader capital markets while focusing on the collectibles sector [4] - The management believes the luxury collectibles market remains resilient and offers substantial growth potential, with plans to reinvest proceeds from sales to expand inventory [5] Company Overview - King Resources, Inc. is a diversified holding company focused on acquiring and growing high-potential businesses, aiming to generate sustainable revenue streams through its subsidiaries, including Heavenly Grace Limited [6]
Trinity Capital Inc. Provides Alt Platform Inc. with up to $40 Million Asset Based Credit Facility
Prnewswire· 2025-07-18 13:00
Company Overview - Trinity Capital Inc. is a leading alternative asset manager that has committed up to $40 million in an asset-based revolving credit facility to Alt, an online marketplace for investment-grade trading cards [1][3] - Alt, founded in 2020 and headquartered in San Francisco, operates globally in 76 countries, providing a full-service marketplace for buying, selling, vaulting, and borrowing against trading cards [2][3][6] Industry Insights - The partnership between Trinity Capital and Alt is expected to unlock significant demand for trading cards among collectors and investors, enhancing liquidity and transparency in a traditionally fragmented market [3][4] - Alt's proprietary valuation tool, "Alt Value," utilizes market data and AI analytics to provide real-time valuations and insights, which is crucial for investors in the trading card market [2][7] Financial Implications - The capital infusion from Trinity Capital will enable Alt to extend larger loans and provide instant cash advances, thereby improving liquidity for collectors and facilitating multimillion-dollar loans [4] - Since its inception in 2008, Trinity Capital has deployed over $4.3 billion across more than 400 investments, indicating a strong track record in private credit markets [5]