9GAG co-founder Ray Chan has taken the lead at Howkingtech International, aiming to expand the company's ventures in artificial intelligence, cryptocurrencies, and Web3.
Details on Howkingtech Acquisition
According to filings with the Hong Kong Exchanges and Clearing Limited, the acquisition of Howkingtech could reach HK$79.65 million if all share options are exercised before the offer closes. If no share options are exercised, there will be 225 million issued shares, with 67.24 million shares subject to the Share Offer.
Ray Chan’s Statements and Development Strategy
Ray Chan emphasized the importance of leveraging public companies’ transparent operating models to enhance market awareness and confidence in Web3, stating: "Now is the optimal time to leverage the transparent operating model of public companies to improve market awareness and confidence in Web3 while creating long-term value for shareholders."
Growth of Hong Kong’s Fintech Sector
Hong Kong's fintech sector is experiencing rapid growth due to innovations in blockchain, digital assets, and AI. Chan plans to rename Howkingtech to MemeStrategy to better position the company in the virtual asset space.
Leading Howkingtech, Ray Chan intends to play a significant role in the development of virtual assets and decentralized finance in Hong Kong, strengthening the city’s position as a global fintech hub.
