TradeGo FinTech to Pay USD1.00 Million in Treasury Shares for 2.63% Stake in Singapore-Based Eqrrwa Technology

Bulletin Express
06/16

TradeGo FinTech Limited announced a strategic investment agreement with Singapore-incorporated Eqrrwa Technology Holding Pte. Ltd. on 16 June 2026. Under the terms, TradeGo will acquire newly issued shares equal to 2.63% of Eqrrwa’s enlarged equity for a consideration of USD1.00 million, to be settled entirely through the transfer of up to 6.85 million treasury shares held under its existing general mandate.

Transaction Mechanics • Consideration: USD1.00 million (approximately HK$7.80 million at mid-point FX on completion date). • Payment: Number of treasury shares determined by the average closing price over the five trading days immediately before completion; capped at 6,854,400 shares, the remaining quota under the 2025 general mandate. • Completion Deadline: On or before 30 June 2026, extensible to 1 September 2026 by mutual consent.

Post-Deal Shareholding Impact Assuming the maximum share transfer, the Vendor will hold 0.91% of TradeGo’s issued share capital, reducing the free-float held by other shareholders from 59.33% to 58.42%. The total issued share capital remains unchanged at 750.00 million shares.

Lock-up and Buy-back Provisions • Lock-up: Vendor prohibited from disposing of the Consideration Shares for 12 months unless it secures a new financing round at a pre-money valuation ≥ USD39.00 million or achieves three consecutive months of profitability. • Buy-back Right: If Eqrrwa fails to launch a qualifying financing within two years—or complete it within four years—or if the next round values the company below USD39.00 million, TradeGo may repurchase all transferred shares. Any repurchase triggers a simultaneous return of the Eqrrwa shares to the Vendor.

Vendor Snapshot Eqrrwa Technology, incorporated on 9 September 2025, holds multiple international financial licences, including a U.S. Money Service Business licence and a virtual asset licence in Saint Lucia. Unaudited figures for the period to 31 May 2026 show: • Net loss after tax: USD0.64 million. • Net assets: USD0.75 million.

Rationale Management expects the investment to expand TradeGo’s presence in real-world asset tokenisation and Web3 infrastructure, leveraging Eqrrwa’s technology platform and regulatory licences to enhance product offerings for professional investors and financial institutions.

Funding Capacity Following earlier equity placements and treasury-share disposals in July, September and November 2025, TradeGo retains sufficient mandate capacity to issue the required shares, with 1.09% of authorised share capital still available.

Regulatory Classification All percentage ratios under GEM Listing Rule 19.07 fall below 5%, classifying the deal as a share transaction subject only to announcement and reporting requirements. Completion remains conditional on fulfilment of agreement terms, and there is no certainty the transaction will proceed. Shareholders are advised to exercise caution when dealing in TradeGo shares.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10