Asia
Long Investment to Invest in Two Nasdaq-listed Firms
Long Investment (HKG:2312) agreed to make two separate minority investments in Nasdaq-listed firms Metalpha Technology and NIP Group, according to a Hong Kong bourse filing Friday.The firm will acquire 1.74 million Metalpha shares from Qomolangma Capital and 4.6 million class A NIP shares from Nebula Digital Investment in exchange for 22.7 million shares and 17.9 million shares of the company, priced at HK$0.728 each, respectively.The 40.6 million shares to be issued in aggregate represent 8.89% of the company's enlarged share capital.The firm said it is acquiring the shares for investment purposes.The company's acquisition represents minority investments of less than 5% in the two companies, Long Investment said.
HKG:2312
