Latest news with #AmericanDepositaryShare
Malaysian Reserve
03-07-2025
- Business
- Malaysian Reserve
Amber International Accelerates Crypto Reserve Strategy with Recently Announced $25.5 Million Private Placement Backed by Leading Global Investors
Institutions Subscribe at US$10.45 per ADS, Demonstrating Strong Investor Confidence SINGAPORE, July 3, 2025 /PRNewswire/ — Amber International Holding Limited (Nasdaq: AMBR) ('Amber International', or the 'Company'), a leading provider of institutional crypto financial services & solutions and operating under the brand name 'Amber Premium', today announced continued progress on its $100 million Crypto Ecosystem Reserve Strategy, enhanced by proceeds from a recently announced $25.5 million private placement. Participating institutional investors subscribed at a price of US$10.45 per American Depositary Share (ADS), determined based on a 5% discount to the 3-day volume-weighted average price (VWAP) of AMBR's ADSs on Nasdaq between June 25 and June 27, 2025. This corresponds to US$2.09 per Class A ordinary share, based on the 5:1 ratio of Class A ordinary shares to ADSs. The private placement involved the issuance of 12,200,915 Class A ordinary shares—equivalent to 2,440,183 ADSs—and was supported by a distinguished group of institutional investors including CMAG Funds, Mile Green, Pantera Capital, Choco Up, Kingkey Financial International (Holdings) Limited ( and other prominent investors. Proceeds from the private placement will be strategically used to enhance Amber International's $100 million Crypto Reserve initiative, which is designed to support long-term ecosystem alignment and product innovation. Since the strategy's announcement earlier this year, the reserve has been allocated toward major digital assets including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), with ongoing deployment into Binance Coin (BNB), Ripple (XRP), and Sui (SUI). The Company is uniquely positioned to leverage its Ecosystem Reserve to support innovative projects on these blockchains, delivering differentiated products and services to institutional clients. The Reserve will further empower the Company to remain at the forefront of blockchain innovation in areas such as Real World Assets (RWA) and AgentFi, strengthening its leadership in the next wave of Web3 financial infrastructure. About Amber International Holding Limited Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name 'Amber Premium', is a leading provider of institutional crypto financial services and solutions. A subsidiary of Amber Group, Amber Premium delivers institutional-grade market access, execution infrastructure, and investment solutions to help institutions and high-net-worth individuals optimize their digital asset portfolios. The firm offers a regulated, scalable financial ecosystem powered by proprietary blockchain and financial technologies, AI-driven risk management, and quantitative algorithms across CeFi, DeFi, and OTC markets. Learn more at Safe Harbor Statement This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management's current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. Such risks and uncertainties include, but are not limited to: (i) the risk that the Company may not obtain the regulatory approval in relation to DWM Asset Restructuring in a timely manner or at all and may need to continue relying on the intercompany service agreements to receive the economic benefits of the WFTL Assigned Contracts; (ii) risks related to the performance of the amendment, waiver and framework agreement, including the expected timing and likelihood of receipt of the regulatory approvals contemplated therein; (iii) the risk that the Company's business lines are nascent, not fully proven by market and subject to material legal, regulatory, operational, reputational, tax and other risks in the jurisdictions where it operates; (iv) the risk of declining prices of digital assets and reduced transaction volumes conducted by the Company; (v) regulatory and market risks related to cryptocurrencies and digital assets and in the jurisdictions where the Company operates; (vi) risks related to fluctuations in the market price of bitcoin and any associated unrealized gains or losses on the digital assets that the Company may record in its financial statements as a result of a change in the market price of bitcoin from the value at which the Company's bitcoins are carried on its balance sheet, as well as commercial, legal, regulatory, accounting and technical uncertainties associated with the Company's crypto holdings; (vii) a decrease in liquidity in the markets in which the cryptocurrencies and digital assets are traded; and (viii) the impact of the availability of spot exchange traded products and other investment vehicles for digital assets. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' continue,' 'is/are likely to' or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results. Media & Investor Contacts In Asia:Amber International Holding LimitedSerena WangPhone: +65 6022 0228E-mail: pr@ | ir@ | ambr@ In the United States:International Elite Capital ZhangTel: +1 (646) 866-7928E-mail: amber@
Business Wire
20-06-2025
- Business
- Business Wire
SOL Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Emeren Group Ltd. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Emeren Group Ltd. (NYSE: SOL) to Shurya Vitra Ltd. for $0.20 in cash per ordinary share or $2.00 in cash per American Depositary Share is fair to Emeren shareholders. Halper Sadeh encourages Emeren shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether Emeren and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Emeren shareholders; (2) determine whether Shurya is underpaying for Emeren; and (3) disclose all material information necessary for Emeren shareholders to adequately assess and value the merger consideration. On behalf of Emeren shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
Business Recorder
08-05-2025
- Automotive
- Business Recorder
China carmaker Geely shares rise nearly 7% after Zeekr unit offer
HONG KONG: Shares of Chinese automaker Geely Automobile jumped nearly 7% on Thursday after it offered to pay $2.2 billion to privatise its unit Zeekr, just a year after it took the electric vehicle brand public in the United States. Geely's shares rose as much as 6.7% in early trade to HK$17.90 ($2.30). Geely offered to pay $25.66 in case or 12.3 in newly issued shares per Zeekr's American Depositary Share, a premium of 13.6% to the stock's closing price on Tuesday. 'This appears an opportunistic proposal,' said David Blennerhassett, content strategist at financial services firm Ballingal Investment Advisors who publishes on SmartKarma, adding that Geely had almost sufficient votes to take Zeekr private given its 65.7% stake in the firm. 'Geely already controls and consolidates Zeekr, so the impact, if any, will come from the cost outlayed for shares not held - which could be largely mitigated under the scrip option.' Geely said it wanted to consolidate its business to fend off fierce competition in China's largest auto market. The company, which owns multiple brands including Volvo, has been pivoting away from its history of aggressive acquisitions to streamlining operations and cutting costs. Zeekr, which was founded in 2021 as a premium electric vehicle brand of Geely, went public in the US in May last year at a valuation of $6.8 billion, the first major listing by a Chinese company in the country since 2021. But investor concerns over whether Chinese companies could be forced to delist US exchanges have reemerged since the tit-for-tat trade war between the world's two largest economies. Zeekr was named in a letter by two Republican lawmakers to the US Securities and Exchange Commission that called for 25 Chinese companies to be delisted from US exchanges, saying they had military links that put US national security at risk. Zeekr did not respond to a request for comment on the letter. Li Yanwei, analyst at the China Auto Dealers Association, said that privatising Zeekr was the best choice for both companies at the moment given multiple headwinds, such as slower than expected sales for Zeekr's new products such as the 7X and US-China tensions. China's Geely Holding targets over 5 million units of annual sales by 2027 The Trump administration has also imposed tariffs on imports of Chinese EVs, blocking in essence Zeekr from selling in the US 'The capital market is less enthusiastic about Chinese new energy vehicle companies, and the possibility of refinancing in the US capital market is much lower,' he said.
Straits Times
08-05-2025
- Automotive
- Straits Times
Chinese carmaker Geely offers to take its EV init Zeekr private in $2.85 billion deal
Geely wants to consolidate its business to fend off fierce competition in China. PHOTO: REUTERS HONG KONG - Shares of Chinese automaker Geely Automobile jumped nearly 7 per cent on May 8 after it offered to pay US$2.2 billion (S$2.85 billion) to privatise its unit Zeekr, just a year after it took the electric vehicle brand public in the United States. Geely's shares rose as much as 6.7 per cent in early trade to HK$17.90 ($2.30). Geely offered to pay US$25.66 in case or 12.3 in newly issued shares per Zeekr's American Depositary Share, a premium of 13.6 per cent to the stock's closing price on May 6. 'This appears an opportunistic proposal,' said David Blennerhassett, content strategist at financial services firm Ballingal Investment Advisors who publishes on SmartKarma, adding that Geely had almost sufficient votes to take Zeekr private given its 65.7 per cent stake in the firm. 'Geely already controls and consolidates Zeekr, so the impact, if any, will come from the cost outlayed for shares not held - which could be largely mitigated under the scrip option.' Geely said it wanted to consolidate its business to fend off fierce competition in China's largest auto market. The company, which owns multiple brands including Volvo, has been pivoting away from its history of aggressive acquisitions to streamlining operations and cutting costs. Zeekr, which was founded in 2021 as a premium electric vehicle brand of Geely, went public in the US in May 2024 at a valuation of US$6.8 billion, the first major listing by a Chinese company in the country since 2021. But investor concerns over whether Chinese companies could be forced to delist US exchanges have reemerged since the tit-for-tat trade war between the world's two largest economies. Zeekr was named in a letter by two Republican lawmakers to the US Securities and Exchange Commission that called for 25 Chinese companies to be delisted from U.S. exchanges, saying they had military links that put US national security at risk. Li Yanwei, analyst at the China Auto Dealers Association, said that privatising Zeekr was the best choice for both companies at the moment given multiple headwinds, such as slower than expected sales for Zeekr's new products such as the 7X and US-China tensions. The Trump administration has also imposed tariffs on imports of Chinese EVs, blocking in essence Zeekr from selling in the US. 'The capital market is less enthusiastic about Chinese new energy vehicle companies, and the possibility of refinancing in the US capital market is much lower,' he said. REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you.
