TradeGo FinTech Limited (TradeGo) signed a strategic investment agreement on 5 June 2026 to acquire 2.63% of the enlarged share capital of Singapore-based Eqrrwa Technology Holding Pte. Ltd. for USD 1.00 million. The consideration will be settled entirely through the transfer of the company’s treasury shares under its existing general mandate.
The exact number of consideration shares will be calculated by dividing USD 1.00 million by the average closing price of TradeGo shares over the five trading days immediately prior to transfer, translated at the Hong Kong Monetary Authority’s mid-point USD/HKD rate on the transfer date. The mandate permits up to 6.85 million shares—equivalent to 1.09% of issued share capital (excluding treasury shares)—and the transaction will not require further shareholder approval.
Completion is scheduled no later than 30 June 2026, extendable to 1 September 2026 by mutual consent. Upon completion, the vendor will be subject to a 12-month lock-up on the consideration shares unless it either completes a financing round at a pre-money valuation of at least USD 39 million or achieves three consecutive months of profitability, whichever occurs first.
TradeGo also secured a repurchase right: should Eqrrwa fail to launch a qualifying financing within two years—or complete it within four years—at a valuation of no less than USD 39 million, TradeGo may repurchase all transferred shares without compensation for price changes. In such an event, both parties would reverse the share exchange.
Eqrrwa, incorporated on 9 September 2025, holds multiple international financial licences through its subsidiaries. For the period to 31 May 2026, the company recorded an unaudited net loss of USD 0.64 million on net assets of USD 0.75 million.
Assuming the maximum 6.85 million treasury shares are transferred, the vendor will hold approximately 0.91% of TradeGo’s 750 million issued shares, while existing major shareholders’ percentage interests will be marginally diluted but their absolute share counts unchanged.
During the past 12 months, TradeGo raised funds through a July 2025 placing (HKD 49.63 million), the September 2025 disposal of treasury shares (HKD 95.55 million, fully utilised) and a November 2025 placing (HKD 92.02 million). As of 5 June 2026, HKD 27.40 million from these placings remains unutilised and is earmarked for technology upgrades, system development and capital injections into its licensed subsidiary TGM.
The board considers the transaction commercially fair, noting potential synergies in Web3 technology, regulated stablecoins and real-world asset tokenisation. The acquisition qualifies as a share transaction under Chapter 19 of the GEM Listing Rules and is subject only to announcement and reporting requirements.