News Centre

Bursa Malaysia Securities Publicly Reprimands Jaks Resources Berhad And Kenanga Investment Bank Berhad

Date 25/10/2021

Bursa Malaysia Securities Berhad [Registration No.: 200301033577 (635998-W)] (Bursa Malaysia Securities) has publicly reprimanded JAKS Resources Berhad (JAKS) and its Principal Adviser, Kenanga Investment Bank Berhad (KIBB) for breaches of the Bursa Malaysia Securities Main Market Listing Requirements (Main LR).

Dubai Financial Services Authority Introduces Regulatory Framework For Investment Tokens

Date 25/10/2021

The Dubai Financial Services Authority (DFSA) has today launched its regulatory framework for Investment Tokens. The framework reflects the proposals outlined in Consultation Paper 138 issued in March 2021, and forms the first phase of the DFSA’s Digital Assets regime.

Digital Payments In Europe To Grow By 70% In The Next 5 Years, New PPRO Research Finds - PPRO Launches 2021 Payment Almanac To Highlight Regional Payment Trends

Date 25/10/2021

PPRO, the leading global provider of local payments infrastructure, today released the 2021 edition of its Payment Almanac.

Valereum Blockchain Plc Option To Acquire 80% Stake In Gibraltar Stock Exchange

Date 25/10/2021

• Valereum plans to establish the GSX as the world’s first fully regulated, integrated fiat and digital exchange
• This will enable fiat debt and equity instruments to be bought with cryptocurrencies passing full AML requirements

Shenzhen Stock Exchange Revises The Rules For Handling Transfer By Agreement,Promoting Electronic Services By Making Better Use Of Data

Date 25/10/2021

To put in place the requirement of deepening reforms to streamline administration and delegate power, improve regulation and upgrade services, and ensure effective connection to new higher-level laws, SZSE released and implemented the revised version of the Guidelines of Shenzhen Stock Exchange for Handling the Business of Share Transfer by Agreement of Listed Companies (hereinafter referred to as the Guidelines) and its supporting guide, another effort to “reduce burdens and improve efficiency” after the service was optimized in July 2020. The Guidelines is to implement the latest provisions laid down in two higher-level laws and the requirements of promoting the electronic handling mode across the board and cancelling three application materials. It aims to make the transfer by agreement service more convenient and more standardized.

Dispersion Holdings PLC Acquisition Of DeFi Yield Technologies Inc.

Date 25/10/2021

Dispersion (AQSE: DEFI), an incubator specialising in decentralised finance ("DeFi"), is pleased to announce the proposed acquisition of the entire share capital not already owned by Dispersion of Defi Yield Technologies Inc. ("DFTI"), a platform for investment into decentralised financial services, for a consideration to be satisfied by the issue of 348,725,646 new ordinary shares in Dispersion.

Hong Kong Securities And Futures Commission: Court Upholds Conviction Of Law Sai Hung Over Unlicensed Activities

Date 25/10/2021

The Court of First Instance has dismissed the appeal of Mr Law Sai Hung, a director of Brilliance Capital Management Limited (BCML), against his conviction over unlicensed activities.

Shenzhen Stock Exchange Market Bulletin, October 22, 2021, Issue 72

Date 25/10/2021

Click here to download Shenzhen Stock Exchange's market bulletin, issue 72.

Digicel Enters Binding Agreement To Sell Pacific Operations To Telstra - US$1.85bn Purchase Price Reflects Market And Network Strength And Future Growth Prospects - Digicel To Focus On 26 Caribbean & Latin American Markets

Date 24/10/2021

Digicel Group Holdings Limited ("DGHL") is pleased to announce it has entered into an agreement to sell Digicel Pacific Limited ("DPL"), its wholly-owned subsidiary, to a subsidiary of the Australian telecommunications company Telstra Corporation Limited, valuing DPL at up to US$ 1.85 billion, inclusive of a three year, US$ 250 million earn-out and subject to customary post-closing adjustments. The transaction, which remains subject to customary government and regulatory approvals, is expected to complete in the first quarter of 2022.

XanPool Payments Infrastructure Builder Secures US$27M To Consolidate Presence In APAC And Expand Service Offerings

Date 23/10/2021

XanPool, a payments infrastructure builder that operates in over 13 countries in the Asia Pacific, has raised US$27 Million in a Series A financing round led by Valar Ventures, alongside investors such as CMT Digital, and notable angel investor Taavet Hinrikus (Founder and Chairman of Wise, formerly Transferwise).