Eason Technology Securres HK $1.5 Million in Funding to Accelerate Blockchain Intellectual Property Protection Development
Rhea-AI Summary
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.
Positive
- Secured HK $1.5 million new funding
- Strategic investment validates blockchain technology development
- Expansion into intellectual property protection market
Negative
- 15% equity dilution in subsidiary
News Market Reaction
On the day this news was published, DXF declined 15.88%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Eason's CEO Stanley commented, "The company focuses on the research and application of blockchain technology, and the company will take the lead in the Asian market in 2025, providing security solutions based on blockchain technology to the owners of copyright and intellectual property rights such as literature, music, film and television, drama, and games,to serve the people with science and technology."
About Eason Technology Limited
Eason Technology Limited is a company engaged in real estate operation management and investment and digital technology security business in
Safe Harbor Statement
Certain statements made in this release are "forward looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words "estimates," "projected," "expects," "anticipates," "forecasts," "plans," "intends," "believes," "seeks," "may," "will," "should," "future," "propose" and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company's control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic. The forward-looking statements contained in this release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.
View original content:https://www.prnewswire.com/news-releases/eason-technology-securres-hk-1-5-million-in-funding-to-accelerate-blockchain-intellectual-property-protection-development-302384786.html
SOURCE Eason Technology Limited
FAQ
How much funding did Eason Technology (DXF) secure in February 2025?
What is the equity stake Renying Capital will receive in Eason's subsidiary?
What will DXF use the HK $1.5 million funding for?
Which markets will Eason Technology (DXF) target with its blockchain solutions in 2025?
What industries will DXF's blockchain technology serve?
