Sun Hung Kai and Lympo make strategic investments in Animoca Brands Highlights: ● Animoca Brands receives strategic investments totalling A$1.5 million from Sun Hung Kai and Lympo ● The placement was conducted at A$0.07 per share, which represents a 10% premium to the 30-day volume-weighted average price (VWAP) ● Sun Hung Kai, one of Asia’s leading investment groups, invests A$1 million ● Leading blockchain fitness company and strategic partner Lympo invests A$0.5 million, further consolidating its partnership with the Company ● Lympo will act as lead investor in an upcoming funding round for Animoca Brands’ health and fitness subsidiary OliveX (HK) Limited ● Animoca Brands and Sun Hung Kai to develop opportunities in blockchain and artificial intelligence ● Animoca Brands to leverage Sun Hung Kai’s expertise in corporate development
AB1 Price at posting:
7.9¢ Sentiment: None Disclosure: Held
