Eason Technology Stock Price, News & Analysis

Eason Technology (NYSE American: DXF) has announced the development of an intelligent quality inspection system based on machine vision technology for industrial manufacturing applications. The system aims to enhance production quality and speed while reducing losses from defective products for enterprise customers.

The company has reported receiving several potential orders for this technology through its digital technology business segment, with expected deliveries spanning the next two quarters. Eason plans to initially target the Asian market with this solution, operating from its Hong Kong headquarters.

Eason Technology (NYSE American: DXF) has announced plans to allocate up to $150,000 for purchasing Bitcoin to support the research and development of their digital asset security products. The initiative focuses on developing consumer-grade security solutions for global users.

CEO Stanley emphasized that the Bitcoin purchase is strictly for product R&D purposes, stating that the company has no immediate plans to include digital assets in its investment portfolio. The company's primary focus remains on its core business operations and the advancement of blockchain technology security product development.

Eason Technology (NYSE: DXF) has secured HK $1.5 million in funding from Renying Capital for its subsidiary Hongkong Yiyou Digital Technology Development The investment will support the development of blockchain technology for intellectual property protection and media transmission.

As part of the transaction, Renying Capital will acquire a 15% equity stake in Hongkong Yiyou Digital Technology. The company aims to establish itself as a leader in the Asian market in 2025, focusing on providing blockchain-based security solutions for copyright and intellectual property protection across various media sectors including literature, music, film, television, drama, and games.

Eason Technology (NYSE American: DXF) has announced the acquisition of Hongkong Starlux Intelligent Technology, a blockchain technology company specializing in blockchain security and applications. The company, which operates in real estate management and digital technology security, sees this acquisition as part of its strategic transformation.

The company's CEO Stanley highlighted their successful return to the main board market from the pink market, noting that their real estate operations provide stable cash flow while offering industrial application scenarios for digital technology across sectors including industrial manufacturing, medical treatment, media content production, and cross-border e-commerce.

Through this acquisition, Eason aims to strengthen its R&D team and accelerate blockchain product development, with plans to release their first blockchain product in Q2 2025. Financial terms of the acquisition were not disclosed.

Eason Technology announced that NYSE Regulation has withdrawn its delisting determination and will lift the trading suspension of the company's ADS on the NYSE American. The decision comes after the company's ADS price rose above the minimum threshold required by Section 1003(f)(v) of the NYSE American Company Guide. Trading is expected to resume on January 24, 2025, under the symbol 'DXF' with CUSIP '26605Q304'.

Dunxin Financial Holdings (DXF) has announced a corporate name change to Eason Technology , effective January 10, 2025. The company is also changing its Chinese dual foreign name from '敦信金融控股有限公司' to '益生科技集团'. Despite these changes, the company's American depositary shares (ADSs) will maintain their current trading symbol and CUSIP number.

Dunxin Financial Holdings (OTC Pink: DXFFY) announced plans to change its American depositary shares (ADSs) ratio from 1:480 to 1:60,000 Class A ordinary shares, effective December 4, 2024. This change will function similarly to a 1:125 reverse split for ADS holders.

The company's Class A ordinary shares will remain unchanged. ADS holders must surrender their securities for cancellation and exchange. No fractional ADSs will be issued; instead, fractional entitlements will be sold, with net proceeds distributed to affected holders. Trading will continue under the symbol 'DXFFY' on the OTC Pink market.

Dunxin Financial Holdings (OTC Pink: DXFFY) announced a private placement of a $162,500 convertible promissory note with Bucktown Capital, The note bears an 8% annual interest rate and matures in nine months. The investor can convert the note into American Depositary Shares (ADS) after six months at 75% of the lowest 10-day VWAP minus ADS fees. The company can prepay at 120% of the outstanding balance. Weekly ADS sales by the investor are to 15% of trading volume until 30 days after note satisfaction.

Dunxin Financial Holdings (NYSE American: DXF) has announced plans to hold its 2024 Annual General Meeting of Shareholders on November 1, 2024. The meeting agenda includes a proposal to change the company's legal name to "Eason Technology " and its Chinese name to "益生科技集团". Additionally, shareholders will vote on the adoption of the company's 2024 Equity Incentive Plan.

The record date for shareholders entitled to vote is October 2, 2024. The meeting will take place at the company's office in Wuhan, China. Holders of Class A and Class B Ordinary Shares are invited to attend or vote by proxy. ADS holders must instruct Deutsche Bank Trust Company Americas on how to vote their shares.

The company will provide detailed information about the proposals and voting procedures in a proxy statement, which will be available on the SEC's website and the company's website.