Notice of Underwriting of Third-Party Allotment


Octo Force Management is pleased to announce that through its wholly owned subsidiary, Octo Force Capital Partners Co., Ltd. (hereinafter referred to as “OCP”), it has entered into a share subscription agreement with SMI Vantage Limited (hereinafter referred to as “SMI”) (Head office: Singapore. Singapore Stock Exchange (SGX): Code Y45. Executive Director, President and CEO: Mark E. Bedingham.) to subscribe to its third-party allotment of shares, and through the subscription, OCP has become a shareholder representing 6.74% holding in SMI.

SMI is an SGX-listed business investment company that invests in f&b, fashion, retail, logistics, crypto mining, and financial network businesses, etc., developing into the Asian market from Singapore.

We will continue to explore the possibility of further business development in Asia by deepening our existing cooperative relationship with SMI CEO, Mr. Mark E. Bedingham.

We project the impact of this investment on the financial results of our company and OCP to be minor.

Click here for the release on the SMI website↓

*Click the “Attachment1” link on the bottom left of the screen.