DL Holdings (1709.HK) announced that on August 4, it has, through a private fund under its management, invested approximately HK$7.85 million (USD1.0 million) in Web3 gaming developer Pangu Software Pte Ltd (“Pangu”), along with a call option to subscribe for additional ordinary shares for the same consideration of approximately HK$7.85 million (USD1.0 million). The Investment aims to strengthen the Group’s strategic presence in digital entertainment and the Web3 sector.
Upon completion of the Investment, the private fund managed by DL Holdings will hold approximately 2.0% equity interest in Pangu. This move marks another key milestone in the Group’s digital asset strategy and signifies the beginning of a strategic collaboration to jointly explore the vast opportunities at the intersection of Web3 gaming and digital finance.
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