Domain Holdings to acquire approximately 5.56% equity of virtual asset exchange VAX for HK$100 million

According to ChainCatcher, as announced by the Hong Kong Stock Exchange, Hong Kong-listed company Enegence Holdings has signed a purchase agreement with Hong Kong licensed virtual asset exchange VAX to acquire approximately 5.56% of its issued share capital for HKD 100 millions. The payment includes HKD 24 million in cash, with the remaining HKD 76 million to be settled through the issuance of three-year zero-coupon convertible bonds at a conversion price of HKD 2.5.