In today’s briefing:
- Last Week in Event SPACE: Guotai/Haitong, Shin Kong, China Conch Ventures, First Pac, Zhejiang E’way
- Oman firm leads US$50M financing round of Singapore’s digital asset exchange SDAX | e27
Last Week in Event SPACE: Guotai/Haitong, Shin Kong, China Conch Ventures, First Pac, Zhejiang E’way
- The Guotai Junan Securities (2611 HK)/Haitong Securities Co Ltd (H) (6837 HK) merger is a done deal. The key risk, as withTCM (570 HK)‘s Offer, is one of timing.
- IF you are an arbitrageur, Buy Shin Kong Financial Holding (2888 TT) vs A Basket of FHC Peers (not including Taishin).
- First Pacific Co (142 HK)‘s 46.2% share of Metro Pacific Investments Co (MPI PM)at delisting last year was worth ~US$1.25bn. It is now potentially worth ~US$3.21bn.
Oman firm leads US$50M financing round of Singapore’s digital asset exchange SDAX | e27
- Singapore-headquartered digital asset exchange SDAX has closed its US$50 million Series B2 funding round led by Oman-based Muscat Precious Metals Refining Company.
- This follows a US$18 million Series B round in 2021 led by PSA International, Straits Trading Company, and New Horizon Global.
- The new funds will be used for client acquisition and adding new business lines, such as wealth and fund management.
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