HATCHER GROUP (08365) announced that on March 3, 2026, the company entered into a joint venture agreement with Esperanza. Under this agreement, HATCHER GROUP and Esperanza will hold 51% and 49% equity stakes, respectively, in JV BVI Co. Following the granting of a license to JV HK Co by the Securities and Futures Commission and the fulfillment or waiver of all other conditions, the company will allot and issue consideration shares to Esperanza (or its nominee) as consideration. The consideration shares comprise 39 million new shares, representing approximately 19.62% of the total issued shares as of the announcement date, and approximately 16.40% of the enlarged total issued share capital upon completion. The license refers to one granted under the Securities and Futures Ordinance for Type 7 regulated activity, specifically for providing automated trading services for tokenized investments. JV BVI Co will become a direct non-wholly-owned subsidiary of the company, and the financial results of the joint venture group will be consolidated into the group's accounts. To diversify its business operations and revenue streams, the company has been actively pursuing opportunities in emerging financial sectors. On February 25, 2026, the company's wholly-owned subsidiary, Kin Chuen Finance Limited, signed a memorandum of understanding with EF Securities concerning the appointment of EF Securities as broker, distributor, underwriter, and project financial advisor for tokenized investments managed by EF Securities. Initial projects include "Huang Kaiqin 40th Anniversary Hong Kong Concert 2026" and the K-Sarang Super Concert in Malaysia on April 11, 2026, headlined by Super Junior's Kyuhyun and AHOF. The joint venture agreement represents a natural extension of the strategic partnership between HATCHER GROUP and the Esperanza group. By establishing the joint venture to apply for the license, the parties aim to create a regulated tokenized asset trading platform in Hong Kong. The board of directors believes the joint venture agreement presents an opportunity to leverage the group's expertise in financial services to expand its business into Hong Kong's growing digital asset market. Through this collaboration, the group positions itself as a pioneer in institutional-grade digital asset distribution, capitalizing on timely opportunities as security tokens gain significant attention from global institutional investors. This cooperation not only diversifies the group's service portfolio but also allows it to participate in the growth of the Esperanza platform in Asian markets, including concert tokenization and other innovative digital asset products, thereby creating new revenue sources. Furthermore, the joint venture agreement combines the group's expertise in corporate finance and distribution with EF Securities' SFC-licensed tokenization infrastructure and technology platform. This synergy enables the practical implementation of digital asset concepts, benefiting various industries across Hong Kong.
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