Marco Digital Technology (01942) intends to subscribe for preferred shares of the stable coin payment platform Kun KUN.
The Smart Financial News APP reported that Marco Digital Technology (01942) announced that on July 23, 2025, Zhongbao Hong Kong (an indirect wholly-owned subsidiary of the Company) entered into a share subscription agreement with the target company KUN International Group Limited, the target group (excluding the target company), related parties of the target company, existing investors, and other investors, pursuant to which (including) the target company conditionally agreed to issue and allot shares, and the Company conditionally agreed to subscribe for 750,000 preferred shares for a total consideration of $6 million (equivalent to approximately HK$47.1 million).
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