MEMESTRATEGY to Launch Innovative Collectible Card Financing Service in Q4

Stock News

Jun 18

MEMESTRATEGY (02440) has announced that its wholly-owned subsidiary and licensed money lender under Hong Kong's Money Lenders Ordinance (Cap. 163, License No.: 17/2026), Grade10 Finance Limited, plans to introduce a novel collectible card financing service, Grade10 Finance, in the fourth quarter of this year.

This move represents a strategic expansion by the company into the financial services sector of the pop culture collectibles market, positioning it as the first listed company in Asia to offer such a collectible card financing service.

The service will enable collectible card operators and collectors to use high-value cards as collateral for financing. It is designed to support clients by providing access to liquidity without the need to sell their collections, and the funds could even be used for acquiring additional cultural collectibles.

The board of directors believes the launch of Grade10 Finance aligns with the group's overall strategy to broaden its business scope and enhance the sustainability of its operations.

The company has consistently been actively exploring new business opportunities and possibilities with the aim of delivering more substantial returns to its shareholders.

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