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Kaixin Holdings Establishes Digital Asset Management Department and Launches Digital Asset Allocation Strategy
Globenewswire· 2025-10-06 11:30
Core Insights - Kaixin Holdings has established a Digital Asset Management Department to raise funds for acquiring cryptocurrencies like Bitcoin and Ethereum, aiming to implement a digital asset allocation strategy to generate value for the company [1] - The global economy's complexity and volatility have increased uncertainties in traditional investments, while the acceptance of cryptocurrencies among investment institutions is growing, indicating potential long-term returns despite market fluctuations [2] - The company is looking to introduce new strategic investors and acquire high-value projects in the Web3 industry to optimize its equity structure and enhance its innovative asset allocation approach [3] Company Overview - As of October 6, 2025, Kaixin Holdings has issued a total of 27,258,228 ordinary shares, which includes 22,158,228 Class A ordinary shares and 5,100,000 Class B ordinary shares [4] - Kaixin Holdings is transitioning into an AI-driven tech business in China, focusing on developing online live streaming education platforms through AI technologies, thereby expanding its growth opportunities [5]
Kaixin Holdings Announces Annual General Meeting Results
Globenewswire· 2025-09-16 20:00
Core Points - Kaixin Holdings announced that all resolutions presented at its annual general meeting on September 13, 2025, were passed [1] - The resolutions included authorization for the Board of Directors to set a ratio for Share Consolidation and amend the Articles within 360 days [3] - Kaixin is transitioning into an AI-driven tech business, focusing on online live streaming education platforms [4] Company Overview - Kaixin Holdings is committed to expanding its AI capabilities and entering the AI education business through proposed acquisitions [4] - The company aims to serve both domestic and international audiences with its AI technologies [4]