Top Win International Limited (Nasdaq: SORA), and Simon Gerovich of Metaplanet partner with KCGI, Korea’s premier financial group, in planned investment in SGA Co., Ltd., a KOSDAQ-listed software services provider
Rhea-AI Summary
Top Win International (Nasdaq: SORA) has formed a strategic partnership with Metaplanet's CEO Simon Gerovich and KCGI to invest in SGA Co., Ltd. (KOSDAQ:049470), a Korean software services provider.
SGA's board has approved a third-party share issuance to the consortium, which will make them the largest shareholder upon completion. The proceeds will fund strategic acquisitions and corporate purposes, with SGA planning to expand into the digital asset space while maintaining its core business operations.
The transaction is currently in negotiation phase with no definitive agreement signed yet.
Positive
- Potential to become largest shareholder in a KOSDAQ-listed company
- Strategic expansion into digital asset space
- Access to consortium's global network and expertise
Negative
- No definitive agreement signed yet
- Terms and investment amount not disclosed
- Integration and execution risks with new digital asset initiatives
Seoul, Korea, July 14, 2025 (GLOBE NEWSWIRE) -- Top Win International Limited (Nasdaq: SORA) has partnered with Simon Gerovich (CEO of Metaplanet) and KCGI, a leading Korea-based investment firm, for a planned investment in SGA Co., Ltd. (KOSDAQ:049470). SGA Co., Ltd., has filed with the regulators disclosing that its board of directors has approved a third-party share issuance to the said consortium of investors.
Upon completion, the investor group will become SGA’s largest shareholder. Proceeds from the issuance will be used for strategic asset acquisitions and general corporate purposes. SGA Co., Ltd. plans to pursue new initiatives in the digital asset space by leveraging the consortium’s global network and expertise, while continuing to operate its core business in close collaboration with affiliates across the SGA Group. As of the date hereof, parties are negotiating the terms of such investment and no definitive agreement has been signed with respect to such transaction.
About TopWin
Top Win International Limited (Nasdaq: SORA) is a premier Hong Kong-based company specializing in the trading, distribution, and retail of luxury watches from renowned international brands. Operating through its subsidiary, Top Win International Trading Limited, TOPW serves a global B2B network of distributors, independent dealers, and retail sellers. Headquartered in Wan Chai, Hong Kong, and incorporated in 2001, Top Win International Trading Limited strives to deliver excellence in the luxury timepiece market. Commencing in May 2025, TOPW has ventured into the Web3 ecosystem and digital assets will be an additional focus of its future business direction.
Forward-Looking Statements
This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, the Company’s plans to enter the digital asset market, the proposed partnership with Sora Ventures, and related business transformations. Forward-looking statements are subject to risks and uncertainties that could cause actual outcomes to differ materially from those expressed herein. Such risks include, but are not limited to, uncertainties related to market conditions, regulatory developments, the completion of the contemplated transactions, and other factors described in the “Risk Factors” section of the Company’s filings with the SEC. The Company undertakes no obligation to update any forward-looking statements, except as required by applicable law.
Media Contact
TopWin Corporate Communications
Email: press@topwin.com
Phone: +852 2815 7988
FAQ
What is the planned investment between Top Win International (SORA) and SGA Co., Ltd?
How will the investment in SGA Co., Ltd. affect Top Win International's (SORA) business?
What is the purpose of SGA Co., Ltd.'s share issuance to Top Win International and partners?
When will the Top Win International (SORA) investment in SGA Co., Ltd. be completed?
Who are the key partners in the planned investment in SGA Co., Ltd.?
