Eminence Enterprise Limited has announced the signing of a non-legally binding memorandum of understanding (MOU) to subscribe for shares in a joint venture company incorporated in the Cayman Islands. The expected principal business of the joint venture will be the development and investment in stablecoin and other blockchain-related businesses within the ASEAN region. As of the announcement date, there are two potential subscribers to the joint venture: Eminence Enterprise Limited and Harvest Vast Limited, a subsidiary of NASDAQ-listed Futu Holdings Limited. The total expected fundraising amount is approximately US$4.5 million. The partnership is still subject to further agreement, and the formation of the joint venture may or may not proceed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eminence Enterprise Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251224-11966578), on December 24, 2025, and is solely responsible for the information contained therein.