LONG Investment Group Inks Two Share Purchase Agreements to Acquire Stakes in Nasdaq-Listed Firms

Stock News
10 hours ago

LONG INV CORP (02312) announced that on April 16, 2026, after trading hours, the company entered into two separate share purchase agreements. These agreements are not conditional on each other, and the sellers involved are independent of one another. As consideration for the sale of the target shares, the company will allot and issue a total of 40.6014 million consideration shares at an issue price of HKD 0.728 per share. The target shares represent a minority investment of less than 5% in two Nasdaq-listed companies: Metalpha Technology Holding Limited (MATH) and NIP Group Inc. (NIPG). Following the approval of a general mandate by shareholders at an extraordinary general meeting in February 2026, the company has been actively seeking and pursuing investment opportunities in the AI and Web3 sectors. The board of directors believes that the investment in the target companies will be beneficial to the group and is highly aligned with the company's strategic focus on the digital economy sector. Target Company A, Metalpha Technology Holding Limited, is a leading global provider of blockchain and trading technology solutions. It operates one of Asia's largest digital asset wealth management platforms, offering institutional-grade services in this area. LSQ Capital Limited, an indirect wholly-owned subsidiary of Target Company A, is licensed by the Hong Kong Securities and Futures Commission to conduct Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management) regulated activities. Target Company A has partnered with a leading cryptocurrency exchange to provide crypto-related marketing services for its clients, facilitating transactions in crypto-related products. Target Company B, NIP Group Inc., operates at the intersection of Bitcoin mining, computing power infrastructure, and global digital entertainment. Leveraging a decade of experience and leadership in the gaming industry, Target Company B brings a culture and community-driven advantage to digital asset operations. Headquartered in Abu Dhabi with teams globally, Target Company B combines significant computing power with a global gaming and entertainment ecosystem—including e-sports teams, live events, and content networks—reaching hundreds of millions of fans. The investment in the target companies is expected to diversify the company's asset portfolio and capture growth opportunities across the broader Web3 landscape. The investments are anticipated to be held primarily for the medium to long term, aiming to achieve sustained capital appreciation gradually as these enterprises expand their business operations, deepen their market penetration, and benefit from favorable trends underpinning the wider Web3 sector.

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