AsiaStrategy (Nasdaq: SORA) buys 7.07% DV8 stake in tender offer

Rhea-AI Filing Summary

AsiaStrategy, formerly Top Win International Limited, reports that its subsidiary AsiaStrategy Topwin SG Pte. Ltd. has completed a tender offer for shares of DV8 Public Company Limited, a company listed on the Stock Exchange of Thailand. The tender offer period ended on August 20, 2025, and was completed on August 22, 2025. The subsidiary was allocated 114,638,700 DV8 shares, representing approximately 7.07% of DV8’s total issued and paid-up share capital.

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Cross-border M&A and capital markets analyst

AsiaStrategy’s subsidiary has secured a 7.07% minority stake in Thai-listed DV8 via a completed tender offer.

The filing confirms that AsiaStrategy Topwin SG Pte. Ltd., a subsidiary of AsiaStrategy, completed a tender offer for shares of DV8 Public Company Limited. The tender period closed on August 20, 2025, with completion on August 22, 2025, resulting in an allocation of 114,638,700 DV8 shares, equal to about 7.07% of DV8’s issued and paid-up share capital.

This transaction gives AsiaStrategy a meaningful minority position in a Thai listed company, but the excerpt does not describe purchase price, funding structure, or any governance rights such as board representation. Without those details, it is difficult to assess financial impact, integration plans, or strategic control. Future disclosures in company filings may explain whether this stake is purely financial or part of a broader strategic relationship with DV8.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2025

Commission File Number: 001-42572

AsiaStrategy

(Translation of registrant’s name into English)

33/F Sunshine Plaza
353 Lockhart Road, Wan Chai, Hong Kong
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Tender Offer of DV8

AsiaStrategy (formerly Top Win International Limited) (Nasdaq: SORA), a Cayman Islands exempted company (the “Companuy”), previously disclosed in its current report on Form 6-K dated July 7, 2025 that AsiaStrategy Topwin SG Pte. Ltd., a subsidiary of the Company, had announced an intention to make a tender offer with certain other offerors to acquire all the securities of DV8 Public Company Limited (SET: DV8), a public company listed on The Stock Exchange of Thailand (“DV8”).

The Board of Directors wishes to announce that (i) the tender offer period ended on August 20, 2025 and (ii) the tender offer was completed on August 22, 2025 whereupon AsiaStrategy Topwin SG Pte. Ltd. (the “Purchaser”) was allocated with the Purchaser’s tender shares, being 114,638,700 target shares, representing approximately 7.07% of the total issued and paid-up share capital of DV8.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 28, 2025	AsiaStrategy
	By:	/s/ Jason Kin Hoi Fang
	Name:	Jason Kin Hoi Fang
	Title:	Director and Co-Chief Executive Officer

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FAQ

What did AsiaStrategy announce in this Form 6-K filing?

AsiaStrategy announced that the tender offer by its subsidiary, AsiaStrategy Topwin SG Pte. Ltd., for shares of DV8 Public Company Limited has been completed, resulting in an allocation of 114,638,700 DV8 shares.

How many DV8 shares did AsiaStrategy’s subsidiary acquire in the tender offer?

AsiaStrategy’s subsidiary was allocated 114,638,700 target shares of DV8 Public Company Limited upon completion of the tender offer.

What percentage of DV8 does AsiaStrategy now hold through its subsidiary?

The 114,638,700 DV8 shares acquired represent approximately 7.07% of DV8’s total issued and paid-up share capital.

When did the DV8 tender offer period end and when was it completed?

The tender offer period ended on August 20, 2025, and the tender offer was completed on August 22, 2025.

Which AsiaStrategy entity conducted the tender offer for DV8 shares?

The tender offer was conducted by AsiaStrategy Topwin SG Pte. Ltd., a subsidiary of AsiaStrategy, which acted as the purchaser of the DV8 shares.

Who signed the Form 6-K on behalf of AsiaStrategy?

The Form 6-K was signed by Jason Kin Hoi Fang, who is a Director and Co-Chief Executive Officer of AsiaStrategy.