Hong Kong stock micro-strategy? UTXO Management joins hands with Sora Ventures to complete a major acquisition. HK Asia Holdings will be reshaped as MOON.

UTXO Management, in collaboration with Sora Ventures and other partners, announced the successful acquisition of a significant portion of the shares of HK Asia Holdings Limited, a listed company on the Hong Kong Stock Exchange, with stock code 1723.HK(. This acquisition not only signifies the company's entry into a new phase but also plans to rebrand it as 'Moon Inc.' and further explore opportunities in cryptocurrency investment and Web 3.0 innovation. Previously, Sora Ventures and UTXO Management achieved significant success by implementing BTC strategies through the Japanese listed company Metaplanet.

UTXO and Sora acquisition HK Asia Holdings

Acquisition of a majority stake to drive strategic transformation

UTXO Management, together with Sora Ventures and other partners, successfully acquired 70.26% of the issued share capital of HK Asia Holdings Limited, becoming the controlling shareholder and laying the foundation for the company's next strategic direction.

Professional market strategy team joins

This acquisition team includes UTXO Management and Sora Ventures, both of which have successfully led the growth of Japan's Metaplanet (3350:Tokyo), with the latter being hailed as the 'Asian version of MicroStrategy'. In addition, the team also includes experienced local partners in the Hong Kong market, Top Legend SPC and Allied Top Investments. This professional team will inject new vitality into the future development of Moon Inc. in the Hong Kong market.

Investing in Crypto Assets and Web 3.0

The new management plans to actively explore the innovative opportunities of BTC, Crypto Assets, and Web 3.0 investments with its resources and expertise. They will focus on creating higher returns for the company and shareholders, further enhancing market competitiveness.

Hong Kong Stock Micro-strategy? Convertible Bonds and Capital Plan

Issue convertible bonds to strengthen the controlling position

The company will issue convertible bonds with a total value of 33.75 million Hong Kong dollars. Upon conversion, the acquisition party's shareholding will increase to approximately 74%. The proceeds from the bonds will be primarily used for general operating funds, including the purchase of SIM cards, prepaid vouchers, and preparing for future investment opportunities. This demonstrates the new shareholders' commitment and confidence in the company's future development.

Brand restructuring as MOON Inc.: repositioning and vision

In order to reflect its new mission, the company plans to change its name from 'HK Asia Holdings Limited' to 'Moon Inc.', highlighting its ambition to become a leading innovative force in the dynamic market of Hong Kong. This rebranding not only marks the beginning of a new vision for the company, but also symbolizes its continuous exploration and breakthroughs in the financial and technological fields.

The strategic value of the Hong Kong market

As the world's ninth largest public market, the Hong Kong Stock Exchange provides Moon Inc. with a powerful platform to explore new opportunities and drive financial innovation.

"This acquisition is not just a transaction, but an important step in creating value for shareholders," said Tyler Evans, Managing Partner of UTXO Management. "Our partnership with Sora Ventures is built on our successful foundation, and we are excited about the future of Moon Inc., and believe Hong Kong will play an increasingly important role in the global market."

Sora Ventures founder and managing partner Jason Fang said, "The recent launch of BTC ETF in Hong Kong and the largest BTC conference in Asia last year both indicate an increasing demand for innovative products in the Hong Kong market."

This article Hong Kong stock micro-strategy? UTXO Management joins Sora Ventures to complete a major acquisition, and HK Asia Holdings will be reshaped as MOON first appeared in Chain News ABMedia.