Social platform 9GAG acquires Hong Kong-listed firm to buy Bitcoin, double down on AI

9GAG would have taken control of HowkingTech, listed in Hong Kong, which can be renamed as the Memmettegy to explore AI, cryptocurrencies and creators’ economy opportunities.

Ray Chan, the 9gag co-founder, a popular memes and information sharing site, would have supported HowkingTech International as part of a plan to develop in AI, cryptocurrencies and web3.

A regulatory deposit with Hong Kong The Limited exchanges and compensation reveal that the purchase of Howkingtech implies a maximum cash consideration of $ 79,649,599 HK (approximately 10.2 million dollars), assuming that all the action options are exercised before the fence of the offers.

After the news, Howkingtech’s shares on the Hong Kong Stock Exchange jumped 3.5%, according to Yahoo Finance data.

“This is now the optimal time to take advantage of the transparent operating model of public enterprises in order to improve market awareness and trust in the web3 while creating long -term value for shareholders. We aim to build the bridge between the new economy and traditional finance, supporting the development of Hong Kong as an international virtual asset center. ”

Ray Chan

Although the regulatory deposit does not mention any details in the Endevours crypto, Chan would like to rename Howtechfirm as “Memestrategy” and explore investments in Bitcoin (BTC), web3 projects and decentralized infrastructure, according to The standardDaily Journal of Hong Kong.

A press release of April 1 on Pr Newswire also states This Memmettegy will incorporate Bitcoin and “other high potential virtual assets in the company’s asset allocation to achieve the long -term growth of value”.