Somerley

Signum Digital Obtained the Approval-In-Principle from the SFC on the First Security Token Offering and Subscription Platform in Hong Kong

Retrieved on: 
Thursday, March 16, 2023

Signum Digital Limited, ("Signum Digital") is the joint venture of Coinstreet and Somerley, and has received an approval-in-principle from the Securities and Futures Commission ("SFC") for its security token offering and subscription platform.

Key Points: 
  • Signum Digital Limited, ("Signum Digital") is the joint venture of Coinstreet and Somerley, and has received an approval-in-principle from the Securities and Futures Commission ("SFC") for its security token offering and subscription platform.
  • Security tokens are a new type of blockchain-based virtual asset that may represent ownership in actual assets, such as real estate.
  • Subject to satisfying the conditions for final approval from SFC, this license will allow Signum Digital to operate a security token offering and subscription platform under the brand of "CS-Pro" ( www.CSpro.io ), serving professional investors and providing funding for issuers with qualified projects in Hong Kong and international markets.
  • Signum Digital aims to fill such a gap and we believe the CS-Pro security token offering and subscription platform can add much value to Hong Kong and international security token project issuers and professional investors."

Coinstreet And Somerley Collaborate To Form New Venture To Provide Professional Services In Security Token Offerings ("STO") In Hong Kong

Retrieved on: 
Sunday, December 19, 2021

HONG KONG, Dec. 19, 2021 /PRNewswire/ -- Coinstreet Holdings Limited, a leading global professional consultancy group and solution provider in the digital asset sector since 2017 ("Coinstreet"), and a subsidiary of Somerley Capital Holdings Limited (stock code: HK.8439), a leading financial group headquartered in Hong Kong with an established history and proven track record in the corporate finance advisory space in Greater China ("Somerley"), have entered into a joint venture agreement with an aim to provide professional advisory and management consulting service for security token offerings ("STO"), and to serve the rising need for asset tokenization and fundraising through issuing of digitized securities from Hong Kong enterprises ("JV").  The JV will apply for all required approvals and licenses under the regulatory framework and guidelines from the Securities and Futures Commission (''SFC''). Subject to the satisfaction of the relevant regulatory requirements, it is envisaged that the JV will develop "CoinstreetPRO Hong Kong," an online initial subscription platform and primary market brokerage services for tokenized assets and digital securities ("TADS") serving institutional and professional investors. It is intended that the JV will work with other licensed virtual asset trading platforms and STO exchanges for secondary trading activities.

Key Points: 
  • It is intended that the JV will work with other licensed virtual asset trading platforms and STO exchanges for secondary trading activities.
  • Virtual assets, including STOs, are emerging as an innovative way to facilitate capital raising and investment in businesses and projects.
  • STOs typically refer to specific offerings which are structured to have features of traditional securities offerings and which involve security tokens utilizing blockchain technology.
  • Martin Sabine, Chairman of Somerley commented, "Hong Kong, as an international financial centre and gateway to Mainland China, has considerable potential to develop its blockchain-based Fintech offerings.

Coinstreet And Somerley Collaborate To Form New Venture To Provide Professional Services In Security Token Offerings ("STO") In Hong Kong

Retrieved on: 
Sunday, December 19, 2021

HONG KONG, Dec. 19, 2021 /PRNewswire/ -- Coinstreet Holdings Limited, a leading global professional consultancy group and solution provider in the digital asset sector since 2017 ("Coinstreet"), and a subsidiary of Somerley Capital Holdings Limited (stock code: HK.8439), a leading financial group headquartered in Hong Kong with an established history and proven track record in the corporate finance advisory space in Greater China ("Somerley"), have entered into a joint venture agreement with an aim to provide professional advisory and management consulting service for security token offerings ("STO"), and to serve the rising need for asset tokenization and fundraising through issuing of digitized securities from Hong Kong enterprises ("JV").  The JV will apply for all required approvals and licenses under the regulatory framework and guidelines from the Securities and Futures Commission (''SFC''). Subject to the satisfaction of the relevant regulatory requirements, it is envisaged that the JV will develop "CoinstreetPRO Hong Kong," an online initial subscription platform and primary market brokerage services for tokenized assets and digital securities ("TADS") serving institutional and professional investors. It is intended that the JV will work with other licensed virtual asset trading platforms and STO exchanges for secondary trading activities.

Key Points: 
  • It is intended that the JV will work with other licensed virtual asset trading platforms and STO exchanges for secondary trading activities.
  • Virtual assets, including STOs, are emerging as an innovative way to facilitate capital raising and investment in businesses and projects.
  • STOs typically refer to specific offerings which are structured to have features of traditional securities offerings and which involve security tokens utilizing blockchain technology.
  • Martin Sabine, Chairman of Somerley commented, "Hong Kong, as an international financial centre and gateway to Mainland China, has considerable potential to develop its blockchain-based Fintech offerings.

Hop Hing to Put Forward Proposal for Privatisation, Cancellation Price HK$0.08 per Share at About 73.9% Premium

Retrieved on: 
Wednesday, November 17, 2021

The Cancellation Price will not be increased and the Offeror does not reserve the right to do so.

Key Points: 
  • The Cancellation Price will not be increased and the Offeror does not reserve the right to do so.
  • Shareholders and potential investors of the Company should be aware that the Offeror would not be allowed to increase the Cancellation Price.
  • The Cancellation Price represents a premium of approximately 61.9% over the simple average unadjusted closing price, and a premium of approximately 37.9% over the highest unadjusted closing price over the above period.
  • About Hop Hing Group Holdings Limited (Stock Code: 47)
    Hop Hing is a leading quick service restaurant ("QSR") chain operator in the PRC.