ATX Group Initiates Strategic Talks with Kings United on Web3.0 and RWA
Strategic Cooperation Discussions: ATX Group is negotiating with Kings United Holding to explore a partnership aimed at integrating Web3.0 payment systems and Real-World Asset enablement within ATXG's supply-chain ecosystem.
Proposal Evaluation: The discussions include evaluating a structured proposal for establishing a Hong Kong-licensed trust vehicle and potentially transferring up to 100 million Kings native tokens, valued at around $10 million, while considering the issuance of common shares to the trust entity.
Kings United Holding Overview: Kings, a BVI-incorporated group, owns ALL IN Fintech, which develops multi-chain prepaid card systems and credit frameworks to connect Web2.0 and Web3.0 payment environments.
ATXG's Strategic Alternatives: ATXG is assessing various strategic options to enhance shareholder value and address operational and regulatory considerations for future initiatives.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on ATXG
About ATXG
About the author
Super League Enterprise Shares Surge 200%; Check Out 20 Stocks Making Moves in Premarket Trading
Super League Enterprise Investment: Super League Enterprise, Inc. shares surged 200% to $9.83 in pre-market trading following a $10 million strategic equity investment from Evo Fund.
Other Notable Gainers: Several stocks saw significant pre-market gains, including Professional Diversity Network (up 88.8%), STRATA Skin Sciences (up 80%), and Jiuzi Holdings (up 50.9%).
Pre-Market Losers: Stocks like Psyence Biomedical and Diginex Limited experienced notable declines, with Psyence down 19.6% and Diginex down 17.7% in pre-market trading.
Market Overview: The article provides a snapshot of various stocks' performance in pre-market trading, highlighting both significant gainers and losers.
Addentax Group Corp. Enters Into US$1.3 Billion Term Sheet for Proposed Acquisition of Up to 12,000 Bitcoins
Acquisition Announcement: Addentax Group Corp. has entered a non-binding term sheet to acquire up to 12,000 Bitcoins from a substantial holder, increasing the potential acquisition size from the previously discussed 8,000 BTC, with an estimated market value of approximately $1.3 billion.
Investment Strategy: The company aims to enhance its long-term Bitcoin investment strategy, leveraging the current bullish momentum of Bitcoin, while the final terms of the acquisition will be determined through mutual agreement and are subject to due diligence and approvals.
