HASHKEY HLDGS (03887) Plans Full Acquisition of Exchange in Singapore

Stock News07-29

HASHKEY HLDGS (03887) has announced a move to acquire complete ownership of Asia Pacific Exchange Pte. Ltd.

On July 22, 2026, HKDAG SG, a wholly-owned subsidiary of the company, entered into a non-legally binding framework agreement with Mr. Zhu Yuchen, a major shareholder of the target company Asia Pacific Exchange Pte. Ltd., regarding the potential acquisition of all shares in the target entity.

The group has consistently focused on developing and operating a licensed fintech platform, aiming to deliver secure and compliant transaction facilitation, innovative financial product trading and matching services, alongside asset management solutions.

The target group operates a comprehensive financial market infrastructure. This is powered by the integrated issuance and settlement capabilities derived from the target company's "Recognised Exchange" license and the "Recognised Clearing House" license held by Asia Pacific Clear Pte. Ltd., a member of the target group, in Singapore.

Given these circumstances, the company believes the proposed acquisition presents a highly attractive opportunity to establish a more scalable regulated presence in Singapore. This move aligns with its broader strategy of building a diversified, multi-jurisdictional fintech platform that operates within a robust regulatory framework.

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