Corporate Finance News

Lundi 23 Septembre 2019

Madison Group's CVP Capital Facilitates JPY1.3 billion Capital Increase for Bit One

Madison Holdings Group Limited ("Madison"; HKG: 8057) is pleased to announce that the Group's subsidiary, CVP Capital Limited, has successfully introduced Ms. Liu Yang, a renowned investor in Asia and the Chairperson of Atlantis Investment Management Ltd. ("Atlantis Investment", formerly known as Atlantis Investment Management (Hong Kong) Ltd.), as one of the major shareholders of Bit One Group Co., Ltd. ("Bit One", TSE: 2388).

Bit One is principally engaged in digital currency transactions, blockchain, digital application development, digital currency consultancy, and other businesses related to digital currency. The fundraising exercise not only successfully introduced a high-quality overseas investor to Bit One, but also facilitated a JPY1.3 billion capital increase of Bit One.

The proceeds will be mainly allocated to:
1) Supporting the daily operations of Bit One;
2) The acquisition of an integrated platform of digital assets management and social media, and to support its blockchain marketing businesses; and
3) The setting up of a Hong Kong office for Bit One.

Bit One currently operates an integrated digital assets management and social media platform through its Hong Kong subsidiary with over 500,000 registered users worldwide. Looking forward, Bit One will expand its business in China and actively seek global expansion through this platform. Meanwhile, Atlantis Investment Management has formally entered the blockchain industry in Japan through this acquisition and will continue to look for quality projects within the industry.

CVP Capital is a corporation licensed by the SFC, licensed to conduct Type 1 (dealing in securities), Type 4 (advising on securities) and Type 6 (advising on corporate finance) regulated activities under the SFO. Its principal businesses include private and public securities placement, pre-IPO advisory, mergers and acquisitions advisory, corporate restructuring and other business advisory services.

About Madison Holdings Group Limited
Madison Holdings Group Limited (8057.HK), is principally engaged in (i) the provision of fintech services including cryptocurrency exchange and mining in Asia and Europe; (ii) the provision of a wide range of financial services including corporate financial advisory services and asset management services; and (iii) the retail sales and wholesales of wine products and other alcoholic beverages. The Company was listed on the GEM board of HKSE in October 2015. In 2017, the Group diversified and expanded its scope of business into financial services in Hong Kong following the acquisition of CVP Capital Limited and CVP Asset Management Limited. The two companies are corporations licensed by the SFC to operate Type 1 (dealing in securities), 4 (advising on securities), 6 (corporate finance) and 9 (asset management) regulated activities. Madison more recently expanded into the fintech sector through the acquisition of BitOcean (a fully licensed Japanese cryptocurrency exchange), Diginex HPC (a leading high-performance computing company) and through the formation of a joint venture with Oxford Blockhouse (a blockchain technology developer associated with Oxford University). With its strong team of professionals and diversified businesses, Madison holds a leading position in both financial markets and the fintech industry in Hong Kong.

Related Press Releases
Sept 22, 2019
麥迪森旗下CVP Capital成功為日本數字貨幣交易商Bit One引資13億日元
Sept 22, 2019
麦迪森旗下CVP Capital成功为日本数字货币交易商Bit One引资13亿日元
Dec 11, 2018
麦迪森与HDR签订谅解备忘录 积极推动数字货币交易业务
Dec 11, 2018
麥迪森與HDR簽訂諒解備忘錄 積極推動數字貨幣交易業務
Nov 29, 2018


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About Chaineum:
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
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